Make sure that you each have umbrella insurance of at least $2mm.Recognize up front that partnerships often result in frustration and remorse due to inequities in work performed (that is not property recognized in the operating agreement), differences in opinion on how to grow the business (take distributions versus plow all profits back in), etc.

@Charles WilsonUBIT would not apply to seller financing as it is virtually a note from the solo 401k to the buyer.

The first thing to do is to study the basic and general aspects of RE, don't try to jump into some niche area trying to learn how to operate without knowing the basic aspects of RE.

I operate my businesses in a professional way, documenting, and setting standards and rules.Some of you may have missed that I have only heard of this happening twice.

I think you operations and maintenance budget is too low.

You would need to have your attorney draft an operating agreement that would spell out who is responsible for what and if X happens, then Y is done and so forth.

After X months, the property is stablized (repaired, rented, operational) and rented for $1200/month.

We are lucky in that our son (and partner) does 3D renderings, and is able to do virtual staging, etc., so that helps tremendously.

I believe they referred to D properties as areas with regular violent crime and C properties as areas with regular non-violent crime but virtually no violent crime.

Gas is much cheaper to operate.