New beams and piers, HVAC ductwork, subfloor, laminate flooring, kitchen cabinets, bathroom gutted and redone, sump pump w/ french drain, the list will go on for awhile.Challenges were immense in the beginning.

Knowing what those properties close at will help you immensely (unless they close low!).  

Equity grew immensely in those years I was doing that which made things easier and profitable and still is growing today, hard to predict when that will stop.

There can be an immense burden of dealing with a "joe-in-a-truck" contractor who provides the lowest price.

If you don't understand what I mean by partnership models let me show the ones that I have for the moment.1-Renting the property for a fixed price and risking to get more through Airbnb or other platforms during the weekends.2-Getting a percentage of the income each, and since I am the one who is going to fix it and manage; he's the owner, I was thinking to go 50/50If someone can give me a different model I would be immensely grateful!

Not as much as I used to be for a few reasons: 1. through BP I have learned an immense amount about the basics of RE and the areas that interest me.

Your local market is growing, and the benefits of being local are immense.

Hi BP -You guys have helped me immensely over the years and I am finally at a point in my investing career where I can embark into apartment buildings. 

The shift in people's ability to WFH has grown immensely and when you pair that with lower property tax compared to states like New Jersey... the appeal is huge.

If you do this deal you are taking an immense risk.