I wish I had the balls to gamble with it!

There are many other ways of getting financing without the gamble of possible financial misery of a loved one. -- Good Luck - JonI love that strategy Jon!

We gambled and won.   

Again, these characteristics make residential mortgage an excellent monetary ballast, but ultimately a poor barometer of economic activity and read on money more broadly.

Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a brand new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).This is a particularly important lesson for inexperienced investors, who tend to be the most prone to "shiny object syndrome" (the tendency to let nice aesthetics distract from real, underlying issues).

A partnership is fine at the start, However, You will really need to call the Texas Secretary of State and verify for yourself, Do not gamble on the Info you get on the internet,  Secondly, You need to safe guard your personal assets, Meaning you need to be at least an LLC, just in case things do not work out, If you are an LLC, and you have financial problems at any point, The LLC will protect you. 

What can you say...people like to eat, shop and party when they get a few bucks in their pocket and, contrary to popular belief, there is much more to do in Las Vegas than gamble.  

If you don't, it's almost akin to gambling - your potential risks spiral out of control.I've always treated turnkey acquisition as just another source of deals.

Do not expect them to care about appearances, upkeep, damage to the property etc.Obviously these characteristics are not 100% all the time but expect them just the same.

Also, your comments on Section 8 tenants and the eviction process emphasize the importance of effective property management and tenant screening.While Baltimore may present challenges, it's crucial to remember that every market has its unique characteristics and risks.