Another factor contributing to the slowdown at the high end of the market is the ongoing credit crunch.

In my limited experience, these arrangements fall apart when people get "greedy" or over estimate the worth of their contribution. 

You're aware that filing an extension also extends the SEP contribution deadline?

So given that I'm looking to partner with my coworker but we bring different things to the table, how do I value our different contributions and structure the partnership to ensure a win-win?

If we had a lower end place that was fetching average or below average rent, maybe, but this system is not one I will contribute to.

That way if you have a move out or some expense you have the cash on hand to make those medium cost repairs without contributing money out of pocket. 

Hey, first of all want to say thank you to everyone who contributes on here, it makes starting out a little bit easier.

I highly doubt the DC market is going to see too much in terms of a correction; there's a fair amount of money and the stimulus+forbearance, as well as the fact that the DC area has managed the coronavirus situation pretty well, contribute to the likelihood that property values won't sink too much, and very well could continue trending upwards.In the end, you're looking to buy and hold, so as long as the numbers work, you should be fine, even if property values dip a bit.

Two members contributing $25,000 apiece would each receive a 50 percent stake in the company.

These rules will help you make money, in my experience, even if markets go bad for a while as they often do: 1) Learn how to present your ideas, communicate, sell, negotiate both verbally and in writing and both one on one and publicly2) Know your math, wealth is a skill based on numbers, so know current numbers, expected numbers and cost plus time to get there3) Know how to organize, prioritize and focus on the macro as well as the micro steps by truly observing and analyzing to constantly shift and adjust as needed4) Know how to stay healthy, alert and energetic to produce productively and be effective efficiently to get more done in a unit of time based on the 80/20 rule5) Network strategically time exchange in abundance with powerful well connected allies who can show you the short cuts that you can duplicate, leverage and scale6) Master the creative process and use your resources in a resourceful manner to get started, build momentum, grow and contribute to the greater good