Here's some basic copy & paste info that may help you make better investing decisions:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I would recommend just reading up more on both industries and make a decision from there.

Sounds like it makes sense for you to partner, I would suggest: spell out responsibilities very clearly, how you make decisions and most importantly: have a very clearly spelled out exit. 

Very poor decision on my end.

But here's the thing: communication within the GP team can make or break a deal.When information doesn’t flow smoothly between team members, it can lead to confusion—and even worse, miscommunication with external parties.

Ask away. you have found a treasure site and if you follow much of the information here eventually, you will be prosperous. 

I feel that you should have about 30k-80k in equity ($250k-300k property value) based upon the little bit of information you have told us and my experience in palm bay, FL / Brevard County, FL.

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.

The information contained in this post is not to be relied upon.

At a certain point, you've got to make a decision based on the legislation before you.