If you plan on moving back, this makes sense, but if not, it seems silly to now try to BRRRR where you just were.

Quote from @Tanya Maslach: @Tim Delaney Thank you.Agreed - we really don't want to deal with it, as it's the PM's job.Just trying to be good landlords.This is the first issue, not the second, with the garbage disposal...

I'm not as good a professional but the work I did was mostly good enough for us to live in, and the small fixes to make it good enough for renters has been worth trying to do it myself.

It is somewhat complex to try to explain on a forum, but at a high level, you (aka GP) and your family member (aka LP) would agree on how much the 2 of you would put in for the amount of equity needed (usually expressed as a %).

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I'll try to get in touch with everyone individually (though I'm not used to how the forums work yet).I'm also not sure how to make the at replies work, so that's a bit of a bummer.Anyway, as for location I'm in Kumamoto and investing mostly locally.

While interviewing CPAs to file our 2012 taxes we are trying to determine if we should file a partnership return or listed all of our properties on our schedule E.

Like others, I don't think I am following what you are trying to accomplish and how partnering would further it. 

Then tried doing the same to my 21 year old cousin.  

Quote from @Carlos Silva: Has anyone tried velocity banking?