I spent a couple grand furnishing it and getting it ready and the first booking was in late December of 2021.

You sound like my mom.......with the exception of a couple things....but very similar.......I have excellent credit but my mom has the income and a free and clear home.....I would say partner with your son and build your empire together......STL is a great cashflowing market.......the cashflow will help you retire and enjoy the rest of your life but it will give a foundation to your son and your future grands......just my opinion

I am focusing in the Grand Rapids area specifically. 

The grand majority of the small multifamily is located in the older areas of town.

Small pool nothing grand.

He made a few grand and they never bothered him again.

My wife and I live in Missouri have spent the past year setting up our property in between Williams, AZ and the Grand Canyon, (about 25 minutes from the South Rim).

HELLO ALL!!! :)I have been a pro member for a couple months now and am still working through finding my first property. I have connected with a local agent and he has been very helpful. At this point, I am continuing ...

Some form of management agreement stating the terms of how the property is managed, should accompany the TIC agreement if you go this direction.Keep it simple to start and get a deal or two under your belt with your investor before you "get married" with a grand plan.  

We have consistently raised rents each year on our properties and have hit grand slams with appreciation.