Mathematically it only works were some form of forced appreciations is occurring...generally fix and flip in the sfr arena.

Hey you all. I

There are some provisions for "prorating" the exclusion amount such as death, forced relocation due to job, military service, etc., but not just selling property.

that stated you should try and get $2 in forced appreciation for every $1 spent in upgrades at the minimum.

I googled flying ceiling fan blades, and it seems not uncommon.In one case, there was enough force to put a dent in a wall.

That unit cash flows $205 per month and I have gotten lucky with some pretty stable tenants in it (only 2 tenants in 6+ years).All in all I have had an OK experience with condos, like with any other buy and hold the numbers either work or they don't.

This will be the driving force that will keep you motivated when you encounter obstacles. 4.

I'm retired Air Force (20 years) and currently employed at the University of Central Florida as a Sr Business Analyst.I've been studying investing off and on for almost 10 years now and I'm ready to put what I've learned into practice.

Alternatively, you could arrange an earn-out whereby you retain 80% - 90% of his portion of the the cash-flow-before-taxes (CFBT) until he has earned out your half of the property {this could be done even if there is an existing mortgage in-place}.Be warned that if you have a mortgage and your names are both on it, the lender (especially a bank) may force the remaining partner to refinance (rather than simply issue a "release" of the other partner from the mortgage).There are others here like Jon Holdman, and @Bill Gulley, who have deep experience and better know the financing options available to you in the U.S.A.Whatever you do going forward, spend a little time with a real estate / partnership attorney and get things in writing.

Brian Gibbons First of all I want to say I read quite a few of your posts yesterday and they were very helpful.