If you can't afford a long vacancy, you could lower it a bit below average market to attract a tenant faster. 

This makes two things happen - We're able to separate the assets from the operations, and if we ever needed to sell quickly, we can sell the LLC that holds a property, and its a faster disposition than having to sell the underlying asset.Roles: Even if you're partners (50/50 - anything else that isn't split evenly isn't a true partnership), there needs to be a boss.

In this case, 1 apartment was 40% while the other 2 were 30% each (for total of 100%).Then I added up one year's worth of utiltiy bills (fuel oi or electric etc).

The snowball will grow faster with each deal!

With inventory so low, I expect prices to start appreciating a little faster around not.

In the meantime if all goes well my living expenses would be cut significantly, allowing me to save up my next down payment even faster for the next property.My understanding of the process in basic formMake offer on house / get offer accepted (as is sale price not including repairs)Get inspections, ARV appraisalsGet estimates on repairs of those things deemed needed to be repairedProvide paperwork to mortgage provider showing purchase price, ARV appraisals, costs of repairsIf all goes to plan and all the numbers look right they okay the closingUpon closing work can start and the contractor(s) are paid based on the completion of the agreed upon items.

So although I could increase the value faster on a 16 unit.

Partner with a realtor who knows how to work with investors and can provide you tools to find good deals to make more money faster, help you build a reputable team and be your eyes and ears on the ground.

Partner with a realtor who knows how to work with investors and can provide you tools to find good deals to make more money faster, help you build a reputable team and be your eyes and ears on the ground.

It allows you to acquire more properties faster.