Are you willing to GIVE UP your marriage?

In reality it's meant to cover all aspects of law including crime, property, marriage, trade, etc. 

However, I do not like the idea of a partnership marriage.  

@Kelly Smith, there is no need to rush the marriage. 

Congrats on the recent marriage, and on discovering the magic of real estate investing! 

They all have fantastic documentation.I hate to be so pessimistic but it really is like getting into a Marriage.

If you are not married, here is a good case for marriage if I ever made one, Christine: each of you can get ten conforming loans.Of course, marry wisely- the spouse should have enough income and good credit to qualify for a conforming loan, good looks and dishwashing skills aside.Also, since this would be a business tactic, let us know if the IRS would allow you to write off the wedding and the honeymoon as a business expense...

You want to make sure you understand how the syndicator will operate the deal as the arrangement between investor and syndicator is a partnership or a marriage if you will. 

So here are the two deals that I've done with my partners.Deal #1Acquisition: Family looking to upgrade Purchase: $37,000 cashRehab: $7,000 cashRent: $750/moTax+Insurance: $100/moROI: 18.6% Deal #2Acquisition: Marriage of convenience and liquidation of assets Purchase: $52,000 cashRehab: $25,000 cashRent: $1400/moTax+Insurance: $150/moROI: 19.5% My key takeaways from these two deals are to save the 10% for maintenance and CapEx, leveraging contractors better and more often, and to not use my own money. 

@Wendy NobleWendy, I've read many of Jim's books but my favorite is the most recent book he wrote, "Street Smarts" as he talks a lot more about his personal life growing up: Born in October 19, 1942 in Alabama, getting accepted to Yale, failed first marriage, starting the Quantum fund with legendary George Soros etc., and his passion for investing.