The most information in this thread is not accurate.

Based on this strategy, it would only take about 2.5 years to pay off the $160K.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

In my opinion it would be cleaner to split partnership based on monetary contribution and then remunerate each active party for their work if the active work is more on one partner than the other.

I would recommend you and your husband get on the same page about future investing goals.

It had better be a great deal to be worth dealing with all this headache and taking on this risk. 

Tips for setting up an LLC3.

In our market, we are seeing more MTR providers.

If you don’t mind a little more advice…when I’m running projections like this, I like to use the worst case scenario and if the numbers don’t work out in that scenario, I usually pass on the deal.

The problem is the buildings are in major need of repair...and because of this, rents are one of the lowest in town.