I am brand new and interested in my first foray into real estate investing.People of all skill levels come!

3) There may be personal use of the property which would mean that you or your partner may not get tax benefits for the share of the unit where you are living in.For a successful partnership, the total partnership should have Experience, Money, Time.What skill set are you bringing and what is your partner bringing?

Pick the one that works best with your skills sets, habits and personality.

If they do, they go to a higher level of care such as a nursing home (higher level of assistance with ADLs) or a Skilled Nursing Facility (called a SNIFF, where medical care is provided).The ALFs I'm working with are all running at 100% capacity and have waiting lists, because there are simply not enough beds.A sharp operator will find an unused municipal building - especially a school - and work with the town building department, code enforcement and fire inspector to get it up to code. 

Unfortunately, most landlords don't have the skills necessary to manage their units well.

Improv isn't easy but a sweet skill to have! 

If you are ever up in Chicago I'd be happy to link up as well.Your decision-making skills as a vet/emt will go a long way in real estate.

This interaction also allows one to gauge the sponsor's communication skills and professionalism.10 Questions for the First Call1) What's the Sponsor's investment thesis?

Wicked talented off market deal finding skills. 

The Money - raises the capitalAll four skill sets are required.