- cash- other assets- services- are any existing contracts of either to be taken over by the joint venture- who actually does / will do whatWill any external funding be needed?

Without fixing some of the external issues, water is going to find it's way in.

I have a single family home just outside of downtown Atlanta, GA (Oakland City) and it has an unfinished basement with an external entrance to the backyard.

It's just another external variable.

The more time you allow into the equation, the more external factors pushing the risk higher.Thus - get out when the investment is maximized, but be prepared to stay for a decade if can't get out.

.), two bathrooms, added a bathroom, fully redid the kitchen, refinished the hardwoods, paint, baseboard, trim, redid all of the plumbing in the house (above and below ground), water proofed the basement (internal/external french drains and sump pumps, and did all of the landscaping (mulch, new sod, removal of trees, etc.)

I set most of my buyers up on super specific searches and hand pick the properties that go out to them.

As such, success will be determined by both internal and external factors.

Rental real estate is generally not SE income.I may be biased, but IMO the surest way to mitigate your tax liability and navigate the waters so to speak is to retain a tax professional as an external partner on your team.

They said that its not their responsibility and that its located external/outside from the unit not internal.