Some people will say, "Take out a quality Insurance Policy and you will be protected."

I used to host a free  weekly session that taught people how underwrite multifamily deals, so I can probably give you some pointers.

Once you get a mortgage later, that home would have to be bought personally since only people can get mortgages. 

I'm all about doing Subject To, sometimes called SubTo, and teaching people how, but I spend a lot of my time talking about the downside for places like AZ, CA, FL, and TX.

Some of the tactics are true and common since.Some people want a nice clean well organized beach house or mountain cabin.

Since our split with friend was 50/50, if I hadn't billed it, I would have effectively done $2500 of labor for $1250, which I wasn't willing to do.But, at the end of the day, I mention this as a simple point to bring up with your BFF/fiance, but I also value friendship and given this was not discussed ahead of time, and I assume you want to keep these people in your life, while you are probably the one losing out the most here, I would write it off as cost of education, and next time you make sure before any work is started, you at least have a set understanding of how things will flow, financially, and then draft it all up into an agreement before you actually start the project.

I understand people might think it’s cooler to own a big building, or it’s the natural progression.

Quote from @Amy Jones: I'm going to buy my first property within the next couple of months and I'm curious about how people manage their properties when they are not within a driveable distance of them.I understand they have property managers but where do you find them?

This area is a tourist town where people who love the outdoors go to vacation (golfing, fishing, lake sports with the family, lots of quaint country downtown areas, etc...).

wrong market wrong agent. if you have to post 6 paragraphs asking for advice on a realtor the problem is the realtor. if you are looking up comparable sales for your realtor you are with the wrong realtor. saying you are newer too and asking about if it's normal also shows you should get with someone with more experience. a lot of people joke about columbus ohio and how many agents there are in the market active on here but at the same time that gives you a lot of options. depending on your liquidity and funds I'd look around.