Not necessarily i could do the 20% down for the right place, but less than 20% would be nice, I’ve been saving for this situation.

Hello Satish- the greater Banner Elk area does have a lot going for it and the right property should provide you excellent income and a potential nice getaway spot. 

If you go with the partnership route1) You need to manage the money going in and out of the business bank account.2) File a partnership return and be responsible for issuing K-1's3) make distributions to you and your partner for cash flow that you receiveYou will likely spend many hours on a nice gesture.I may want to consider instead to give a christmas gift or a bonus for early completion of projects.

Nice job!  

The nice thing is that with investment properties it all comes out in the wash of your due diligence.  

Hi @Mason Weiss,Thanks for the compliment on my research, it's nice to have some open dialogue with someone familiar with the Phoenix market!

I paid for the subscription for a few months and drew my own custom Google maps areas and color coded them red/yellow/green based on a "grade" I felt came from a few metrics like crime/average household income/etcI also really like realtors dot com new maps, if you search for an address and click on the map and then go to the top left and choose the Value slider it will give you a nice color coded map of which areas of a neighborhood are higher valued.

Nice to meet all of you and looking forward to expanding our skillsets collectively!

And you'd be available for emergencies if the business needed you (with nice overtime pay).    

We identified it on the MLS with it's low asking price and nice aesthetics.