If you financed you have to reduce the return by the interest paid and then decide how you are going to look at the principal aspect of payments)Hope that helps. 

I am a broker and an investor but I do commercial only (multifamily & also triple net leasing).You need to define what kind of investors you will cater to and who you do and do not want to work with (business model).

Besides the info here won't cost you one red cent and there are experienced professionals in various aspects of real estate investing from residential to commercial, licensed pros, wholesalers, rehabbers, landlords the works.

I'd suggest you stay away from requiring significant maintenance issues be accomplished by a tenant, this aspect can touch on tax matters.#3.

Then defining who has done what and how balanced or equal the work has been done becomes another mess.

Check out the many blogs and podcasts for creativity and experienced input as well as tried and true techniques in various aspects of REI.

If two other guys are also moving in then I would definately require an applocation be filled out by both of them prior to handing over they keys.

Hi all, as requested by Josh and Brandon in the past few podcasts, I have decided to enter the forums to become more active in all aspects of real estate investing.

All kinds of agreements can be reached in RE related areas as well.We also kick around many legal aspects of RE in the forums, financing issues, landlord-tenant law, title issues and other things that can get you in trouble if you're ill advised.Most in RE that I see on BP are new, I'd have to say getting legal advice in forums is a big mistake, while we may have seasoned investors who have been doing things for years, we all fail to keep in mind at times that all RE is local.Most seek advice as they seem to think they can't afford an attorney.

Plus if they're really successful you'll understand the business aspect of it from a successful agent.