So about $2000 in expenses and $3000 in income, netting (before anything unexpected) $1000 per month, which we would split.The property would be owned by an LLC, in which we are 50/50 partners.What do people think?  

Make sure you keep some in reserve to cover unexpected expenses but if you are willing to commit 30%-50% of your own funds into the deal you will be in a strong position to attract funding.Do I buy the house outright with cash then look for hardmoney for rehab cost?

Since I personally work for a contractor as my day job I can see how jobs can change unexpectedly.

You came to right place since BiggerPockets has a lot of forums, and articles to help you out. Let

I'll rent it out, let it appreciate a few years, then ReFi to take my investment out and roll it into another property.I'm looking for additional properties in that area so if you know of any, even your own, please let me know.  

Show up unexpectedly.

I saved a ton of money because my friends helped me move and my landlord owned both places so there wasn't renting two places at one, but there are always unexpected expenses.

I like to build a little stash for unexpected maintenance if the building is a little older.

If you haven't done so already, definitely check out the BP Beginner's Guide for some great info starting out. Let

Like Halloween night when you got home late from work and forgot to buy candy, just turn the lights out.  Let