Diverse employment is by both sector and Job so in Detroit you had a bunch of different           jobs but they were all tied to one sector.

Indeed to "BRRRR out" you will need to be all in for 75% of the property's ARV but also hit a 1.2 Debt Service Coverage Ratio (and issue we're bumping into more and more these days as price appreciation outpaces rent increases).I would never just buy at market (i.e. turnkey) as you'll have to tie up too much money for too long.

I can honestly say I'm glad I left it where it was and didn't have it tied up in a property.

I have even recently taken it upon myself to visit more job sites and walk the properties when the wife is at work and kids are in school and my breakfast buddies are tied up.F.I. just means you do not need to go work, but you should still find something to do and keep your life full of purpose.

@Ray LaiThings we like are: price for the number of units, quick view of rents due/paid, great 'to do' section tied to each property/renter (for each unit of a multi), etc....

@Dane KaniaSeems to me this comes down to trust/risk tolerance levels.Main hurdle I see is protecting the downside - for instance let's say he gives you funds tied to your half equity in advance - what happens if you struggle to make payments on the line of credit that are now needed - now there's a lien on the property. 

I think this is a good decision based on what little I know and I am certain I would do that in your shoes.

But then all of my cash would be tied up in that property.

I have three SFH, and one under contract. At the end of every month I collect all of my receipts, and my credit card statement, add up all of my expenses and deduct that from my income. This process is ridiculous, ple...

Add a vase of flowers or bowl of fruit to the counter to tie the floor colors and walls together.