I know it depends on the condition of the property and all of that, but the property appears to be in good condition and only in need of minor repairs initially. 

However, if the co-owners provide services to the tenants, a partnership exists.It appears to me that my CPA may be wrong on this. 

We close next week on a live-in fixer house and will be moving out shortly there after.Our original plan was to rent the townhome but as I’m learning how to run the numbers on rentals it does not appear to cash flow.Here are the particulars ...It is a 3/2.5 townhome that we bought new 8 years ago.

It makes thing so much easier and less stressful for me. 

So, it appears if all goes well I'll be getting my first multi-family home.

I appreciate the help, that will make things a bit easier for me.

Many have posted a few great tips already, that's the cool thing about this forum ;-) That said, I highly recommend using the awesome tools provided here on BP to learn the basics of analysis and underwriting.A few tips to get started and your continued learning:Find and connect with other BP members that are in your area.Set up keyword alerts to be notified of the topics that interest you.Read Beginner’s Guide.Check out BP Podcasts.Find upcoming real estate events and meetups near you.If you'd like to tag someone in the conversation, type @ followed by their name and then select the name of that person that appears below the comments box.

I still got pretty good deals, but the wholesalers just make it so much easier. 

There are several marketplaces for notes and more coming online- Hard to say where the discount would fall without putting it out there- but the more solid the package and the the more in-line with property valuation it is, the easier to market. 

Each job you stretch and learn makes it easier the next time.