Price points are low when acquiring real estate but that also comes with lower rental market values for your units so it pretty much evens itself out.With that, if you are going to buy in Reading I advise you strongly consider managing your own properties.

Think about it, if you are buying something at a 5% cap rate, but interest rates are 6%, the debt payment exceeds the income.

So if the partnership would not be allowed to purchase the entity together and I were to buy it, if we were to force our way down this road, would be to set up a legal agreement beforehand, I would buy the property since a partnership can not, and then the exchange for  ($$ + assigned roles + etc), my partner receives 50% equity?  

The structure for this is a discounted sale, lease back, buy back.One of the partners is a qualified intermediary as well that understands the plumbing behind it to make it 1031 compliant.If you have any questions on that - feel free to give me a buzz.

I stopped buying sfh's as long term rentals here in illinois.

if you buy a random property 3000 miles away and have to hire out everything and overpay for everything you won't.

Its worth having your brokers license if you want to make money helping other people buy and sell.

I've also read about Doorvest, and they are trying to make buying a rental property similar to buying a stock with a broker.

I reached out to RTR, they referred me to another contractor which gave me a bid that would increase the construction cost by 100K - or they offered to buy as is and I would take a 160K loss.It is terrible to fell this dumb!

Investment Info:Large multi-family (5+ units) buy & hold investment.