Simply, there are pros and cons with everything you do or what you think you want to do and when you do something you may find there is something better.

I come from a background of contractors so its something I feel pretty comfortable facilitating.

I'm sure you're doing something similar with your monthly newsletter, but you can update your list on the events happening in your town, and keep them current with any news.

You could propose to him something like, "You put up the money and I'll do most of the work and we'll split the profits."

I joined this group with the hopes of starting a Real Estate Investment business soon so that I can step away from the corporate life I have lived for more than 30 years.It's time for me to try something new...oh, where to begin :) 

This doesn't necessarily hurt you as you can combine exchanges to purchase your replacement property if you were wanting to purchase something larger. 

Signing a fresh lease keeps things "clean" in that if you need to prove something later on you don't need to examine several documents and consider the changes in the order they were made.

And I just quickly found out that I wanted something with a little more scale and a little more meat on the bone.

As not register with the state, I have seen clients (but you can consult with an attorney on this) go with something like "Alicia and Bob Et Al Joint Venture" as the name for the IRS EIN. 

.$995 is great rent but you also don't want to evict if tenants can't pay because turnover costs can kill the ROI.Just my opinion  Looking back, I think a cheaper entry point could have been negotiated, but this one was my first ever purchase and I really wanted something to get my feet wet with. i think the emotional satisifcation of having a first rental was well worth a slight overpay.