Partnerships or joint ventures are also effective for splitting equity and risk, while lease options can allow investors to control a property before finalizing the purchase.

You could either form a Joint Venture (JV) agreement between you two individually or between your two LLCs. 

We are general contractors who rehab, build ground up, and do joint ventures with investors.

I thought how ironic the neighborhood is called Hunt (at least I think it is--maybe I had ventured into another area on Google drive), And my thoughts about how it looked was it looked like some place you could go pheasant hunting due to the lack of buildings , and the amount of open ground . 

Best of luck in your new venture!

Respectfully,Zach Hi Zach, you could do this through a joint venture agreement, which is basically a contract.

If the tenant is aware and using the grace period purposely, then you may have a tenant who pays consistently - on the 10th.with your latest info that you haven’t received payment on the 11th I’d venture you have a problem tenant.

How are you handling them, and what tips would you share with others considering a similar venture?

@Masyn Grant BarneySmall multifamily properties can be profitable by implementing strategies such as a large down payment, house hacking, seller financing, short-term rentals, joint ventures, opportunity zones, and real estate syndications.

There are three main workflows I find promising so far, sketch to image, model to image and image to image which I will describe below: Sketch to Image - By using a local installation of Stable Diffusion, you can create image generation workflows and adapt them for your uses.