It is up to the shareholders to determine if they want to take "partnership draws" AKA distributing the profits OR keeping the money in the company to buy more properties, increase reserves, etc.Operating agreement spells all this out so important to review that before setting up the partnership

Working class tenants, two properties in locations that draw 4-year degreed "professional" folks. 

I see so many people from Boston, Massachusetts on the forums these days concerned that the numbers don’t work for cashflow.My question is, what are the major concerns or draw backs you see when it comes to investing in tertiary markets like: Fall River, New Bedford, & Worcester?

I've noticed that I would have to look further out to get a decent CAP but it's back to the drawing boards for me.

Don’t draw conclusions from that that’s the new landlords job.

Some of the processes for easy permits can be done on line by contractors as long as the work doesn't require architectural drawings.

But there’s also something drawing me too it that I can’t get over so I think pursuing it may be the only way to find out.

@Ethan McRae  I would have a lawyer draw up a contract with different scenarios-if one of you wants to sell, if one doesn't want to move out, how expenses and payments will be handled.

Feel free to reference the attached (and crude) drawing in this post.Option 1: Replace all carpet and padding in bedrooms, remove laminate from just outside Bathroom #2 (not numbered) and install carpet and padding just outside bathroom as well. 

However, the HELOC allows you to make interest only payments for the draw period.