It's also important to keep in mind that every additional rental property you own is another potential source for legal trouble, so if you grow to a certain size(and Terrell might be approaching that size), it's almost inevitable that some tenant will get a valid reason(such as falling through a porch you didn't know was rotten) to sue you over a 10 year period.

Plant 51 features a modern combination of living spaces and outdoor ambiance that bring together stunning architecture and unique style.

Plant 51 features a modern combination of living spaces and outdoor ambiance that bring together stunning architecture and unique style. 2 bedroom , 2bathrooms . 1400 Sq Ft What made you interested in investing in this type of deal?

I like the search features: https://www.biggerpockets.com/searchAlerts can be really helpful too: http://www.biggerpockets.com/alerts

That interest-only in the front for 5 is a nice feature to help your cash flow. 

I like the search features: https://www.biggerpockets.com/searchAlerts can be really helpful too: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

This has forced me to try and source off market deals for my clients I have convinced a few apartment owners to sell but they only want to sell conditional on 1031 exchanging into a new multifamily.

I would use your dad as a source of private money, not as a partner.Good luck on your real estate journey.

@Fahad MeerCheck out SparkRental’s RentDeduct feature.

They are not sustainable as they are today, by 40 years out who knows what might exist.Regarding the possibility of setting up a PM company to separate income sources, you may need to look into legality of that.