Our question is, has anyone had issues like this?  

Hey Mark,I’ve been there....stuck with a property that felt more like a money pit than an investment.

So, it sounds like there is a lack of clarity about the renewal which may not apply but keep this in mind with all other aspects of leasing and any verbiage you add to a lease. 5.

It sounds like a great partnership...

I now want to diversify, I have around $1m in S&P 500, and want to use the other $1.5 for real estate investing.My end goal is to build a Real Estate Empire and I feel like I am in a very good situation to do so,I love working and I am not looking for "passive income".What would you pros do in my situation?

I would like to solicit feedback from both consumers and the pros on the feasibiltiy of buying a nice house near the beach near retail (I'm thinking NJ), then flipping it as quarter-share fractional interests at a premium.

Unless apartments are just not as marketable, then a multifamily building is likely the most efficient for construction expense, operating expense, and rent/SF.With a building of only 12 units, I doubt you'll see any time-based advantage by phasing in duplexes.

like a mortgage?

Consider liquid assets like a 401k as part of your down payment.

Since I am a RE investor myself, I understand the importance of having a good GC in your pocket for rehabs/remodel jobs and I’d like to be that for as many people as possible.