I finally decided to go all in and get a coach to really figure this thing because it was like every where i went i would lose money or not get paid the money I was truly owed. it frustrated me to the point of just giving up all hope and never truly become what I was destined for.

When they moved out, we ended up applying most of their security deposit to getting the yard back into good shape, but that easily could have turned out as an extra expense for us.So, there are definitely things to consider before putting the tenant in control (as @John Warren also noted). 

Hey John,  actually i made several transactions in Detroit under 80K before ARV, cuz of it i thought it possible.i checked a liitle and the south side not what im looking for (high crime rate and under the working class)however, with budget until 120K-150K before ARV, more or less, what areas of working class by north side do you recommend from your experience?

If Joe doesn't pay, Jim and John have to make up the difference and deal with Joe themselves.  

@Oladimeji MorganRead a book entitled "Building Wealth One House at a Time" by John W.

@John FaradyI am confused what would be an accurate "down payment" at the end of the day.

@John Fortes is another syndicator that I trust.I'd recommend talking with several syndicators to find someone you like that can help you meet your investing goals.A few people also mentioned private lending... also worth looking in to.

@John BlantonIf you create an LLC with more than one member, a partnership return is required.If you create a Corporation, a corporate return will be requiredIf you have a property in Illinois, an Illinois tax return may be required.

Johns (Northeast Austin), $960Coronado Hills (Northeast Austin), $966Windsor Hills (Northeast Austin), $970https://austin.culturemap.com/news/city-life/06-02-20-this-austin-neighborhood-texas-apartment-rent/

Purchase price: $155,000 Cash invested: $75,000 Contributors: John White This was another first-time venture for me.