The current rents are really low because the tenants are responsible for doing any and all repairs on their buildings (which in my opinion contributes to the poor condition of the buildings). 

I would suggest partnering with another investor with some deals on their track record and/or some money to contribute to the deal.

Thanks for the feedback and contributions.

Shared Risk and Reward: The Foundation of JV Partnerships- The typical risk and reward structure in JVs: - Investors contribute expertise, time, and sometimes capital. - Private lenders provide funding and may share in the profits. - Both parties share the risks, including market fluctuations, project delays, or unexpected costs. - It’s recommended to have clear agreements outlining each party’s responsibilities, profit-sharing ratios, and exit strategies. 4.

I'm eager to learn from experienced investors, connect with other like-minded individuals, and contribute to the vibrant discussions here.

Here are some additional comments to add - please be sure to read the last comment regarding making contributions to both an IRA and 401k.Can I set up a SDIRA if I have full-time job?

In 2023, US metros collectively grew by 2.6 percent in real GDP, contributing to 91.1 percent of the nation’s overall economic growth.

Hi, excited to be here with you all, learn, contribute and collaborate!

Managing self-employment income requires tracking eligible deductions like business expenses, home office use, and retirement contributions.

Allocate equity based on contributions: you provide the $235K HELOC and management, while your former boss contributes renovation expertise and labor.