Quote from @Pat Arneson: Quote from @Mitch Messer:Quote from @Pat Arneson:I've read a few old posts regarding this topic and have those documents in order, but I still have the following questions regarding a private loan (from family) --Loan Documents for Purchase -1.

While this is a good question, the answer is absolutely location specific.  

Each unit is individually owned, with some owners holding multiple units.A few things I’m trying to understand better:Pros and Cons: What are the main benefits and challenges of owning multiple units in a property like this with a condo setup?

I’m doing this right now.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi guys, I am looking to BRRRR out-of-state.

This would be purchased as a primary home and then probably turn into a secondary home as their job would probably require a move over the years.

Only cashflow about $100 at the moment, hopefully will increase after this year.

Don't have a time-table on this yet. 

I dont know anything about which of them put the money up or if it was some fraction from both and don't intend to try to study that out. 

Combining this with tours or small events can add extra income.Lease Mineral or Water Rights: Depending on the area, leasing mineral or water rights can be a potential income stream if there are valuable natural resources under the land.