At this stage its capital preservation being the goal.

LCC as a basic pass through and limited partnerships depending on equity arrangements and profit share of the parties add that extra level of flexibility and not needing to split potential individual partner costs or liabilities.  

Is property management normally part of this arrangement?  

In the case of having several partners in the property, it also would outline an operating agreement and arrangement between the partners of who owns how much of the property. 

Just be sure to clarify the fee arrangement upfront to avoid misunderstandings.If you need help evaluating the deal or financing options, let me know!

What stage are you currently at in your real estate journey?

Here are the four things I order  1- BPO (150.00)2- home inspection (350.00)3- pre-lim (225.00 maybe free)4- appraisal. (500.00) That 1225 tells me everything I need to know and I’ll kick the deal at each stage if the numbers don’t perform. 

The partnership or business arrangement puts each of you in substantial risk, both legally and economically.

(Upkeep became unmanageable)Rentvine made some big promises, some of which arent really going to happen, we are only in stage 2 of the onboarding process.

It’s ok.I am the type of introvert who can get on a stage and do ninety minutes of speaking without blinking.