@Gabe Amedee Thanks for the response.

Concentrate on one niche in RE investing at a time. 6) As far as your friendship/partnership, if your and your partner(s) to be objectives and long term goals are aligned and your attorney spells out clearly each partners' responsibilities in the operating agreement, you should be fine. 

Probably not worth it unless I got that land dirt cheap, even then would require a new survey, have a new title drawn up, etc. 

When it comes to listing the property, buyer is responsible for removing any personal property left on premises.

As you may have noticed from this response, the DFW area is simply huge, and there isn't one answer that will suffice for all of it or even one city in most cases. 

@Anthony Dooley thanks for the response!

How are responsibilities split-up usually?

The problem is the game of repairs, and the fact that whatever your tenant changes, ultimate responsibility and therefore liability for any repair's failure lies with YOU.

Thanks Harjeet and Jack, appreciate your response

Looking forward to the responses!