So you are negative $600 a month on the first one, you will need to have the personal income to cover it and then still buy the next one.A couple of thoughts:1.

Have you posted it on bigger pockets marketplace?

This will also make your cash-on-cash return go down.

.• How to think creatively about building wealth.Once at the property, the kids explored, asked questions, and saw firsthand how opportunities are created through smart investing.Involving children in real estate teaches them:• Financial literacy in a hands-on way.• Entrepreneurial thinking and problem-solving skills.• The confidence to believe they can achieve financial independence.It’s amazing how small moments like these can inspire the next generation to think bigger and dream bolder.How are you involving your family in your real estate journey?

Quote from @Jenni Utz: You have that built-in equity on the deals that are off-market.

What is there now is a hardwired system on each side but we need one that talks across the property. 

If you still have the appraisal and it is completed by an AMC you can transfer it and still close on it.

I fold the letter, stuff it and place the precancelled stamp on it at a rate of 94 envelopes per hour.....takes forever.Add in screw ups (see my post about 3000 yellow letters down the drain) and you have yourself a time consuming, repetitive, completely boring endeavor.If you plan on sending a few hundred a month you can swing it on your own but if your time is worth anything you'll outsource.  

Hey @Tom Dieringer, there is a ton and at the same time, not much at all.It really depends on the market you are in.

Yes there are some state specific languages but its rare on how they dictate JV's.