Rentals are longer term investments so if you go that route make sure you have an operating agreement in writing, have similar expectations on investment horizon, both parties are okay applying for and being personally liable for the mortgage, etc.Fair on a rental property will vary but at the least you should get a ~7 to 10% management fee on-going, a $3 to 6k GC fee (GC would charge a 15 to 20% mark-up if you outsourced) and maybe even a lower cash contribution to still have a 50/50 equity split ( if your numbers are right your partner is getting 50% of your immediate equity gain of $35k).It sounds like you have cash ($50k to buy) and the experience to rehab.

It will broaden your horizons.

Do you have any more prospects on the horizon?

While you can make decent money rehabbing/flipping, it's unlikely you'd make enough to get "rich" (at least based on my definition of rich).Holding rentals is a great way to build long-term wealth and passive income, so if your time horizon is a decade or two (or three) out, and if you have the cash/credit/income to accumulate some properties, buy-and-hold is probably a great strategy.And as Chris said, combining the two is a great way to go -- using rehabbing to generate income and then plow that income into rentals.

I believe we could see 5%-10% appreciation between now and 18-36 months on a national level and much more in local markets like Fresno where I invest.I just don't see anything on the horizon that could lead us out of a Strong Sellers market.In fact I see everything pushing Demand up and I can't see any reason why Supply would increase in the short term so I don't see why prices would do anything but rise at a steady rate for 1-3 years at leastMy crystal ball get fuzzy after that but curious what you all think is the time we have left in this sellers market.Z

Depends on your investment thesis, liquidity, & time horizon with investments.

As you noted, both economic and housing correction is on the horizon.

:welcome: to BP.It sounds like you have a plan and the time horizon is right for RE.If you want to push the edges you can use your IRA to invest in RE.

I am definitely brand new to real estate, looking to expand my horizons as much as possible.

w/ repsects to Greens horizons reply to the posting... if you realize that this is a good opportunity then there's no need for a hard sell.