Get a 3 year lease with the optiond. exercise your option based on the low NOIe. funding can be a JV, Limited Partnership or Bank Loanf. you job is to turn around the investment, increase rents, make it more efficient.See http://www.biggerpockets.com/blogs/3/blog_posts/39...

@Chris Siegler ,I have a bunch of units in the East Bay, and prefer to stay here, but there are lots of folks making money all over ;)  Make sure you do all your due diligence on your team, and on the area, before you pull the trigger.

Danielle Danielle,You are required to pay yourself a salary if you are taking money out of the business other than paying back amounts you have loaned.Even if you are a partnership you still have to allocate funds to wage like payments called "Guaranteed Payments" Those are subject to SE Tax.  

Always get quotes from different contractors before pulling the trigger.

But I really do not know what works in the real world.Also see http://www.rjmintz.com/family-limited-partnership/charging-order-remedy/

Invest that time now so you are ready to pull the trigger.

We want to form a partnership where he supplies down payments and I qualify for the mortgages (in my name only) and then add his name to title after closing.

I believe @Nate & Sharon Shaw mentioned in their intro that working together gets us all ahead- we are definitely interested in the right kinds of partnerships!

Go find a real deal and pull the trigger my friend.

Good morning Bigger Pockets!

My family and I are moving to GA in January (I’m active duty USAF) and we are looking for a home. I stumbled across a property listed FSBO on a well-known military "yard sale" type site...