For example:Capital contribution split 75%/25%100K total profit for the yearEach partner intends to pay themselves 50% ordinary income subject to SE taxes and 50% as a distribution.Ideally each partner would have 25K salary 25K distribution.

In an area that can appreciate north of 2%/year and really do 2-4%/year for next couple years (area was flattish for a couple years and surged 8% last year.. not a lot of room to develop further in a growing metro area).$206K purchase price.

Kids grow up sooner than you think and if the place is already cramped....

They've been one of the fastest growing brands over the last few years.

When you can strating out, save money or make money, same thing, as you grow you'll do what pays you best.

We have areas like Orange County which is doing relatively well, and is strong in all those things I mentioned, and other areas that have unemployment up around 20% still, with no economies to speak of.As the market picks up in the more stable areas, and grows to full strength again, people start looking at investing in 2nd homes, etc., and oftentimes those homes are in areas that are great tourist areas, but were very hard hit in economic downturns.

I'm really looking forward to meeting great and like minded people with whom I can share grow and learn about this wild and crazy business of Real Estate!

I currently have just about all of the time in the world to commit to learning and growing my knowledge on real estate.I feel that my niche would be the buy and hold strategy to start of and eventually grow into some larger purchases.

Years ago I had 50 agents on the residential side just to grow it and try to make the big guys buy it off of me.

So it will help grow my portfolio in hopes to achieve my goal.