That's a losing proposition no matter how you slice it.

Do you both feel purchasing a property in 43612 with minimal fix up work needed using a local property management company is a feasible proposition from out of state? 

I guess being a solo agent and flipper for so long has made me a little leery of long term propositions. 

We're generally between $25k and $35k, so we aren't selling pie-in-the-ski numbers)We've sold 30 houses this calendar year, none to newbies and many to repeat customers several times over, so we seem to be justifying our value proposition in some fashion.

They do not have the Proposition 13 which we enjoy in California.

For instance, a 15-20% drop in rental rates could turn this barely breaking even duplex (if that) into a $500-$600/month negative cash flow proposition.

Thought this was an interesting proposition that people on the forums might appreciate knowing about and discussing.

I just want to see if this proposition is actually true.

None of us have partnered before, any suggestions on what a fair proposition would be in regards to how to split the profit.

We have a house dedicated to international students where we rent furnished rooms and usually get this proposition once or twice a year.Check to confirm that you are allowed to accept 6-months rent in advance (in many jurisdictions you are only permitted to require or accept rent for the next rental period ...