I will make sure to ask as many questions about fees and what not before throwing go any money at this deal.

There are similar houses with connected mother-in-law suites and what not, but not exactly the same situation.

Call it poor timing or whatnot, the tenant had a complaint (that they did not notify me on but that’s a separate story).

The entertainment and conversations about what NOT to do when owning buy and hold properties is priceless. 

WHAT NOT TO DO?  

I’m not sure about renting out to be honest due to not wanting to deal with tenants and whatnot.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

What's something about partnerships you wish you would've known about before you got into one? I have a deal under contract and am looking for cash investors to partner up with to make the deal happen. I'm looking to ...

The mathematical answer might be to use it to buy a cash flowing property, depending on rates of the various debts and what not.