All sign the contract.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

Heart or head, feeling or knowledge. 

Before our contract fell through, we were going to go with a business policy from State Farm.

That is not always possible and many people have started their real estate journeys investing in other states so I would not really take that to heart. 

Starting with three T-12s from properties of a similar size and market is a fantastic strategy, and I’ll definitely take your suggestion of setting aside time to really dig into the details.Thank you for the encouragement and practical tips—it’s advice I’ll take to heart as I move forward.

.- Have attorney draw up a contract to do this.Suggest you offer your dad some cash, now or in the near future, to motivate him to transfer his ownership to you.It may not work out, but you will learn a lot either way!

Placing a deal under contract in Henderson and a few fix and flips .

For example, I am under contract on a property $75K in NOI for exactly $1M.

It's a multifamily investment partnership and we will have a separate contract dividing everything else 50/50.