The one with the higher cap rate with less initial yield might be a turn around project that has more equity upside down the road and rental increase with lease up along with cap rate compression.Would you go recourse or non-recourse??

So A gets $1k in interest at years end, B gets $500, C gets $5k. 10% is probably a bit high, but you get the picture.Another way is to structure it like a fund, where the main money men get all the profits and distributions until all their initial capital is returned, and then the money men give a big percentage to the 'sweat equity' manager guy. 

You will have to occupy it initially to get an FHA loan.2.  

Hi @Jennifer Taft,I didn't initially have too much luck with realtors either.

Bob, I also have experience in Records Storage - and enough to know that the 1st step is to add that piece to your feasibility study to determine if there is enough need to warrant the initial outlay in bar coding, scanning equipment - racking, and yes, HVAC equipment.  

I am not a CPA buy I think you should have included the repairs in your initial basis when you purchased it.  

The only thing I was curious about was when you take out the home equity loan from home "A" for a down payment on home "B", do you have to pay that loan off as well as finish paying off the full amount of the initial loan from home "A". 

The initial rehab estimate I created is about $15k but the inspection found more than I expected(another newbie mistake).

Do not call registry gives a grace period if they initiated contact.

So read and ask questions and you'll be on your way to making some initial investments.