I am involved in my first large deal with a silent partner. 

("No person shall engage either directly or indirectly in the business of a real estate broker, broker-salesperson, or salesperson, temporarily or otherwise, and no person shall advertise or represent himself as being authorized to act as a real estate broker, broker-salesperson, or salesperson, or to engage in any of the activities described in R.S. 45:15-3, without being licensed so to do as hereinafter provided.)

keep you all posted What made you interested in investing in this type of deal?

Would prefer to do something closer to home so I can avoid having to get on a plane to monitor the deal. 

If when they move out there is cat piss or vape smell, deal with it then. 

I'm not quite going all in like that but most of my salary does go directly to pay down the loan.

Don’t want all of my insurance policies to go up or deal with the hassle due to this neighbors negligence.Worth hiring a lawyer to send a demand letter?

And should I follow the 1% rule to see if homes are even worth it( only because house prices are very high)Hey Nicholas, I would say the 1% is great, but at the same time, you also want to find a decent deal in a good area.

One of them saw the vision and we decided to go in halves on the deal.

I completed a 1031 exchange two years ago, but found the strict time limits made it difficult to find a good deal.