However, ensure you understand the local tax structure and any potential future changes.Economic Dependence: While Albuquerque has a diversified economy, it's worth noting that government and military jobs play a significant role.

I work 11-12 hour shifts, five days a week, in a demanding role, leaving me with little free time.

I am curious if anyone on here knows her role in all of this? 

@David Dachtera, I did the same exercise in a COBOL class ;)

That also plays a major role in what to do. end of day stocks and real estate over time provide the same return on average - so it is really based on the individual, their experience and desire Thank you. 

What roles do each of you have?

In this case, you would draft an operating agreement that specifies each partner's role—your friend providing the cash and you handling the rehab and management—and that profits and ownership are split evenly.

As I stated above, please exercise caution and make sure fully executed documents are received prior to wiring funds.

Basically, flip partnerships suck unless you spend a long time being clear about the roles and payouts, etc.

When you sell your old property you exercise your option and purchase the new property.4.