As such, partnership agreements are something that I have been wrestling with the last month or two.Thankfully, there are a number of different templates out there for you to adjust.

We do a new FULL lease every time because laws change, terms adjust, and it's negligent to do anything less.

Quote from @David Martoyan: Has anyone here successfully adjusted their strategy to focus on finding deals that don’t follow the traditional ARV formula?

Miami is still doing well, Fort Myers is adjusting and has lower real estate than 12 months ago, etc..)My simple thought, for what it is worth, is choose a place to live and not invest in:  choose the location you and your family WANT to live in ( because of the schools, taxes, weather, other family there, etc...) and then buy and do real estate there (and get whatever licenses you need once you start third party management).I wish you well!

I brokered over 250 deals after taking the 4 day in person Certified Private Money Broker program. 

It’s only ~$5-$10 per property analysis, and you can adjust the amenities for the area to see how that affects the revenue estimate.

If there are changes you want to make then send your tenants official notice of those changes via in person delivery or certified and regular mail along with a copy of the new lease.

@Joe AuA HELOC has an interest rate that is adjustable......

In inflation adjusted dollars, this likely is closer to 15 years to recover the $450k.  

I would like to have lower monthly payments should I make a big lump sum payment towards my principals and ask my mortgage company to adjust it or refinance it or which one is the best ?