You can explain to your potential new partner that he will make an extra amount on each deal through his realtor commission which will help increase his profit.If possible make a deal that both of you are happy with because finding quality people to work with is a key to being successful long term.

What is usual and customary in your area will govern.

Knowing what you are needed an income property to do inside your portfolio will help you narrow down what initial steps make the most sense for you. 3) New construction can have rate buy downs paid for by the builder and new construction comes with a lower repair and cap ex cost the first 10 years (usually). $450k is a big number when only $2500 in rent is coming in the door.

I usually see duplexes split vertically (Left and right) but this property is splits its units horizantally (1st floor, 2nd floor).

When folks ask I usually refer to crime maps and chatting about amenities in certain areas to stay fair housing compliant on my advice as an agent.

It's usually confidence that brings someone to the ready stage and that usually comes from connecting with a lot of other investors who are doing what you want to do.

This means providing top-notch customer service, keeping the place clean and comfortable, and adding thoughtful little extras.

This means you need to report your rental income on your tax return, which is usually taxable, but you might be able to take deductions for rental expenses like mortgage interest, property taxes, utilities, repairs, and upkeep.When you work from home, you can deduct expenses related to using your property for business purposes.

If you have an extra day for fun I did enjoy the science museum they have as well. 

Usually, you can tell pretty quickly the ones who are not ethical.