We live in Seacoast New Hampshire and would prefer to invest as locally as possible to start.

Again, you market should dictate how you interact with tenants but generally speaking partial rent payments shouldn't be reasonable.

It really depends on whether you prefer the hustle of managing STRs or the steadier income from LTRs.My TakeIf you’re drawn to the energy of the STR market and love the idea of working where people vacation, Florida might be the way to go.

Some wholesalers may see this as a hurdle or prefer to avoid the oversight from real estate boards.2.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

Have you found another system you prefer?

Have you considered investing remotely or do you prefer to be hands-on?

Focus on strategies that align with your needs, like turnkey properties, build-to-rent options, or small multifamily buildings, especially if you prefer less hands-on management.

Saying things like "breach of contact", always an unpleasant interaction with him for about the past 6 months, him fishing/hoping about if there are money troubles.

You and the other posters here have been generous in indulging me in this exercise of considering this "partnership" / BRRRR, but demonstrating that we can invest successfully on our own power before seeking out partners is not only my strong preference but just sound business logic.As a new investor my head starts to spin when I start to think about investing, and the many gaps in my knowledge reveal themselves: how to structure a partnership?