Just realize your interest rate will likely be higher than say a rental house financed on 30 years.

After renovations, my exit plan will cause me to aim for, let's generally say, a 9-10% cap on the new and improved operating income.  

Sometimes folks with more than 1 house will sell you one and give you say a one or two year option on another property as part of the sale.

I say as long as my deadline is met you can go to your other mistresses hahahaAnd his workmanship is great, why I put up with his antics, and he is reliable and actually follow through.

If you're looking for the quickest fixes that will make it most marketable, I'd say a fresh coat of paint and some new floors!  

Here is an example of why I say a website is not that importanthttp://www.biggerpockets.com/forums/223/topics/167...

Take the seller to their opportunities or requirements, you just reduced the cash they will have to work with, they may be losing a third of their profit and any reasonable investment can't compete with seller financing using all of their profits.If cash is required, say a medical bill, explain that you can arrange that at less of a discount than they may lose by paying taxes.

Say a $2000 a month house rental.

I do all day to day management..We each put in half of the down payment, partner qualifies for loan, I do all day to management.Portfolio LoansPartner puts down 10% to 20%, I put down $0 but do all day to day management.What I am wondering is what would make sense in either a long term buy and hold together for say 15 years +, or also if there is a good way to 'cash the partner out' in say a 4-7 year window with a good rate of return.Thanks, Dan Dietz

I've got a broker that likes to say, a deal of a lifetime comes by about every week or so.