If you didn’t think $6k was worth it you might find it’s under $5k.

As home values rise, so does your net worth.

However, IL landlord/tenant laws are tough and are worth taking a deep dive into if you are going to investLawton, OK - Good opportunity for sure as many mid-American towns like this are prime for investors.

We don't spend anywhere near that much nor do we go through 2k worth of linens, kitchen stuff or furniture.

@Roman Balmakov If you are planning on holding the property long term and have enough reserves to cover even worst case scenarios it could still be worth it. 

Can anyone give me advice on how to go about it if it's worth it?

GC in my area cost 10% of the total and I would say that is worth it for what they provide, but if you have the knowledge and willingness to be on the phone with subs (and spend a lot of time on site) you could save that by DIYing it.

In short, I’m trying to figure out if it’s worth pursuing an off-market seller financing deal versus getting a traditional loan and competing for the property on the open market.

Also, the whole point of hiring a PM is to handle tenant, maintenance, and rent collection, so if your partner isn’t actively managing but just supervising the PM, IMO not worth having a two people essentially looking over the same tasks.Contributing financially for one person and the other having no financial stake raises decision making questions, such as when to sell, how profits will be distributed, etc.

I remember going to a mortgage closing on a personal home decades ago and the closing agent pushed the 3 inch stack of papers over for signing and said:"This all says...