I met the former owners of this house while flipping the house next door; found out they were retiring to Florida, and bought the house!

Purchase price is just over 5M, we will be getting a 5.5% CoC from a stable asset in a great sun belt location.

One of the biggest reasons people buy stocks is to build wealth so that with financial independence, you can retire early.

Why give up something so stable with so much equity? 

I've owned the property for 2 years and I'm still working on getting it stable. 

My partner will finance the rehab.Rent- I will screen and place tenants, and manage the property myself for the time being.Refinance- My partner will use his good credit, DTI, and stable income to get a good loan while refinancingRepeatI just have a couple questions about the process:How would dividing cash flow work?

More importantly the tear down of the entire building basis could be applied as retirement or disposition of asset expense.

Most people have either income from work or retirement income (social security, pension, etc).

Does it justify long term stable rent?

Hello, I am a dermatologist and I own multiple dermatology offices. I want to get into real estate investing (buying and holding) and was thinking about starting with the typical duplex multi family and growing from t...