I’d suggest drafting a solid agreement upfront that covers everything—ownership percentage, costs (mortgage, repairs, utilities), how profit is split, and even exit strategies if one of you wants out.

Accurately budget for repairs with a buffer for surprises, aiming for a 10-20% ROI.

I'm going to send a request for repairs form.

Then I would take the proceeds and invest in something locally that is more rent-ready to start your journey without the collar of repairs.

This means all the tenants rent and other income less all the repairs and mgmt fees..You shouldn't need to look at that many reports.

It is also a higher quality contact because you can confirm if you're actually reaching the owner.Mailers take up less of your time (aside from ordering and distributing), cost more, and are more challenging to track.I'd start with calling then add on mailers.Best times may vary but we find that we get the most people on the phone 8am-noon and 3-7pm.

This will probably be unpopular but you should save for a few more years even if you save enough for your down payment, if you are exhausting all your savings, you will struggle with any unexpected repairs.

@Kamryn DeVaultTo invest in a duplex, consider factors like neighborhood quality, economic stability, safety, property condition, cash flow potential, financing options, tenant screening, lease agreements, future potential, legal and zoning considerations, maintenance and management, networking, and starting small and scaling.

Turns out, the demand for renovated homes actually picked up, since many locals were looking to move into places without the hassle of dealing with repairs themselves.From what I've heard, Tampa's market is showing some strong signs of resilience.

I have some cleaning and repairs that need to be done in the empty unit along with the common area.