And you now have to file three tax returns:- partnership tax return- your individual tax return reporting 1/2 of the partnership losses- your partner's individual tax return reporting their 1/2 of the partnership lossesAnd while partnership return can be DIY-ed, it probably should not be.

However, I wouldn't DIY and would contract everything out.

I think for just one or a few, you could just DIY it with Amazon hardware.

Going DIY and self-managing this type of asset from another state may not be an easy task for such a building and neighborhood, it needs more attention (and probably capital).Try an unconventional approach.

Your network is your networth.

Keen to connect with any overseas investors. I am based in New Zealand and own 4 properties here, but keen to explore investing in the US. 

Some DIY lenders use a program called NoteSmith, but IMO, if the loans are too complex to easily manage with simple XL/QuickBooks, I'd be using a 3P servicer. 

The number crunching is probably the easiest part, whereas the networking and deal sourcing are all skills I'd need practice with.

I'm located in Dallas, TX, and looking to network with other like-minded individuals.

I am new and I am checking in to see who is local to Albuquerque or in New Mexico and wants to meet up for coffee to talk about investing and goals! Lets go!