The secret, is to get out of the current ones first...before they take away all your chips/cash, and eliminates you from playing in either game.

I had a glorious $2.5 million value in my head and thinking about cashing out $450,000+ had all kinds of lambos driving around in my head. just kidding :pBut that would have been some nice money to play with on future investments which will in turn...= a better car haha

[Full disclosure - I was the buyer's broker and am the PM for this property...And I'm truly not being defensive or argumentative, simply playing the optimistic devil's advocate (if there is such a thing?]

I just turned down an 8 plex, which was frustrating, but the numbers didn't support it...enough about me already.Before thinking about down payments and ownership percentages, I would consider what role each of you will play with regard to management, repairs, etc.

It's a pure arbitrage play.

@Jinal ParekhThere is no value add play in turnkey.

Either way, you have two options at play and it sounds like some good equity so congrats! 

Would love to hear how these things come into play and what they can do to your costs when you evaluate properties!

Do you need cashflow now or you looking for this more down the road as properties appreciate and increase in value.If you are not needing cashflow now and it's more an appreciation play of having when you retire then you have one strategy.

As a bonus, it has appreciated about $25,000 in value since I purchased it 2015.What made you interested in investing in this type of deal?