After analyzing the local Mercer County market I've noticed there are not that many MFH that are desirable meaning cash flow can occur, but appreciation, schools and good tenants will be at risk. Granted MFH are more ...

After analyzing the local Mercer County market I've noticed there are not that many MFH that are desirable meaning cash flow can occur, but appreciation, schools and good tenants will be at risk. Granted MFH are more ...

New couple here, trying to get started in the real estate game.

We started taking the Houston phone book which was huge and by category and just flip pages and put our finger down without looking for a selection. 

One year also helps you maintain a schedule for inspections, rent increases, preventative maintenance, etc.If your lease doesn't have an early termination penalty, then the only thing you can do is start marketing and find a replacement tenant.

Most often the terms specify that distributions are first paid to satisfy the preferred return and second they are paid to return capital, so the capital account would look like this:$100,000 starting balance$8,000 preferred return accrual($8,000) preferred return distribution$100,000 ending balanceIn year two, there is another $8,000 due, etc.But partnership agreements can be written however the parties agree, so the rules could be different and that would result in entirely different calculations and results.

It's great that you're getting started Ka! 

Most sales agents are required to start working buyer leads when first licensed.

Start with BiggerPockets Ultimate Beginners Guide (free).

So if it starts out like that, getting you to pay $1000 and monthly fees probably doesn't get any better.