I bought this land a few years back because it was the area my father was from.

If you’ve never seen your father lace up his workboots every morning and go to work it’s beyond your context to have a strong innate work ethic .

However, again managing my father's 4plex has been.... very, very easy compared to what I hear on these forums.

I had a father and a son come up to my area from Florida, about a year ago. 

My wife and I started a year ago and have been very fortunate to have a good start, with amazing people around us, and we'll also be working with my father, who is a full time investor of over 30 years.In preparation, I'm scheduling multiple visits to COS to network, learn the market, and form a team to start working on acquisitions before we are fully moved.

My scenario is similar in that I am JTWROS on a property with my father.

So here's the story:The owner was a contractor who built 3 duplexes on his father in laws property around 1993, his father in law passed away and left them to his daughter/ current property owners wife.

Your equity is reducing your possible returns not increasing your cash flow.If your father has no use for additional income he could leave it where it is and not care if it is impacted in a market shift or he could pull it out and invest in a income fund or a REIT. 

@Bob Prisco Me and my father did over here in Northern California.

The down payment and rehab budget would come out of my home equity line of credit and I would get a new mortgage on the rest.My father will do all the rehab and manage the property, physically.