Description of the property1- it belongs to his parents and they are distress sellers just trying to sell2- 63 days on market3- Price- 159k, condo/townhome(HOA), 2b-1b, built-1964, 908 sq ft, 1305 sq ft lot4-  prices for similar property go from around 125k-145k5- about 40k in remodel6- they bought it in 2015 for 71kI imagine its a 'b class' neighborhood.

How have other people handled this?

@Raul Velazquez Jr Everyone is different - some with an accounting background or general knowledge about accounting can handle tax prep on their own with one, maybe two properties.Others like to put systems in place and hire out right away, to free up there time to spend on more valuable tasks and actions.If the latter describes you, I would say start speaking with real estate savvy CPAs ASAP.

It sounds like working with a more turn-key like company that handles a lot for you would be the best.

I don't use debit cards I go to the branch and cash a check.. but being a points junkie I only buy with my mileage card.. but anyway I don't handle the bills my office does  LOL. 

It was a slow water leak, not an absolute emergency but something we wanted handled ASAP.

Question is for 2-4Unit property an increase from $1500 to $2500 Kyle you can hire an attorney to handle the process for you.

@Jason Todd First off, I would say to speak with your title/escrow company to make sure they can handle this type of transaction.

How do they handle repairs, etc?

@Nick C.So how exactly do I convince a potential partner that I can handle that when I dont have the experience?