Kind of amusing to hear normal rentals referred to as long-term rentals, but I guess that's a sign of the times.

For single-family rental homes, is it normal to have a waiting period of a few years before cash-flowing? 

How do people normally handle others who as kind of hard to get along with?

I have done partnerships in the past and we normally draw up an LLC and then find the property to buy since it's pretty cheap and good to hammer out any details beforehand.

The answer normally lies in what your goals are.  

Do the things you would normally do if this were a property you purchased off MLS and wanted to get it ready right away for rental.

he's saying "cash" as opposed to conventional financing from a normal bank.most people who buy a primary residence go to Bank of America or Chase or whatever. 

If you can bridge the gap in terms of knowing the lingo and terminoglogy that will help as well with the normal finding great deals that most investors will ask for.As you work with one investor you can build up your book of contacts and knowledge.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.

DST providers/literature often cite that though the return is low, when combined with the tax deferred benefit, it’s better than selling an asset, paying the capital gains, and reinvesting in a normal syndication.