I would search for a thread on partnerships and seek some advice from people on here who purchase properties in partnership with others and see how they do things.best of luck

Penalties?

You can always take out as much as you've contributed without any penalties in a Roth.

I have alloted money for pool at 2000 for pool/pump/filter.I am using a hard money lender for financing details as follow:Gross Loan Amount: $93,445.50 (closing costs included)Net Loan Amount: $90,000.00Loan Term: 3 YearsAmortization Type: Interest OnlyInterest Rate: 11.500% Estimated Payment: $862.50Buy down Option: 8.500%Buydown Payment: $637.50 Buy down Costs: Add 1.5% to lender feePrepayment Penalties: N/ALender Fee: 2% of net (us)Underwriting Costs: $950.00, due at submission of signed offerThe details will change a little based on end negotiated deal.I have looked all over the web for ARV, and I am relativley certain that I will be asking 135000, expecting to get 120-125000.I know I am probably leaving something out, so please ask and I will follow up asap.Thank you in advance for helping out a new investor!

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Yes Tony a TRUE Triple Net the landlord will not pay those costs.Lately net lease companies especially credit rated tenants have been more demanding in trying to get the landlord to cover some costs.It is very important to look at the length of the lease and terms and escalations.With inflation if the rent increases every 5 years is marginal and they want you to take care of certain items with the property it can drastically reduce your returns.It's all about what returns you are seeking versus the security and consistency of the payment.Generally triple net will hover around the 6 to 9 CAP range but will not approach the teens in most situations.For those kind of returns you have to usually chase after value add deals but they are much more work than mail box money from a credit tenant.Credit tenants have risk which is why you also research heavily the health of the tenant today you are acquiring the lease and their growth plans for the future along with reserves.

My lease says they must pay a two month's rent penalty to get out of the lease early, and the security deposit is forfeited if the terms of the lease are not met.

:roll: If you do it right and ethically to a qualified buyer who has a chance of performing (seek your own legal advice) you will sell it, have it refinanced and be rid of it!

Currently just seeking deals, learning what I can what the time I have available, raising capital with private money, and trying to think outside the box and not do what everyone else is doing in my area.

This is a situation I would recommend an investor to seek a experienced tax preparer that is very experienced in real estate transactions.Holding a property longer than a year is no guarantee that you will qualify for capital gains treatment.