The arrangement seems inherently flawed; for, let's say, $200/month how much attention can they be expected to put towards your property?

Hi everyone,I'm in the analysis paralysis stage of purchasing my first SFH rental property.

Since I haven't worked with one before, I wouldn't know to inquire about some of the less obvious terms of the arrangement.

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

So the SFH has an in-law arrangement in the basement?

We arranged our fund to avoid UDFI/UBIT and we believe its been a game changer for many to not have to deal with the tax consequences. 

If I had a sublease arrangement on those 2 units, do you think the tenant could have paid the rent having lost over $75K in rents? 

I've forgotten already in this thread what you are asking her for, but to arrange a showing she has to figure out access. 

I have partnered with, and have also mentored inexperienced aspiring RE investors in the past, but those arrangements were mutually beneficial, and the partner or mentee brought significant value to the table....If you simply want a partner because you don't have the money to buy a duplex on your own, then I'd say there might be other, much less complicated ways of getting your start in RE investing without a partnership (e.g.; try to house hack a single family home on your own, or look into other ways of getting the financing you need for a duplex that doesn't involve a partnership).If you do end up pursuing a partnership, you'll definitely want to have an attorney who is experienced with real estate law, contract law, and business partnerships, to help you set it up...Good luck out there!

We are in the early stages but have completed the feasibility study with our architect and are heading into the pre-approval meeting with the city on Tuesday (12/13).