If you do this you will establish a basis for continued respect toward each other and only strengthen your ties and your business for yourselves and your partners.

With respect to long distance landlording, you're right, and I've had both good and bad luck, and as long as I'm living here, would only consider areas where we have family nearby to keep an eye on things.

If you ask any investor who lost their butts and their portfolios in the Great Recession due to their properties being leveraged, they would respectfully disagree with your post, Scott.

If every house on the block is worth ~$100k, dropping $50k on new kitchen and baths doesn't leave you with a $150k house.I will respectfully disagree with @David M. on two points:Forced air is the worst method of heat distribution.

Look at worse case scenario what could happen from a liability standpoint.I am not an attorney nor do I advise on asset liability protection strategies, but I have clients that work with an army of very well respected law firms that go with just a good old fashioned LLC held directly or through a revocable trust, maybe an LLC for each property all in a Holding company.

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.

Respectfully,Clayton

I’m getting better at analyzing deals and find it in me to push myself to understand fully why the numbers work in their respective way with each strategy.

(In my opinion obvi) What this tenant demonstrated by their hostile text and further actions (or inaction) is:Lack of respect, reverence, or deference for role - It's good sense not to blast your employer, landlord, or priest.  

@Greggory Scott the fact that you are looking to this at 19 is respectable to begin with.