I have done my fair due diligence on redeemable tax deeds here in Georgia and have just a few more needed questions.

Does anyone has any knowledge on how and or where a retail investor can go to invest in assets that pay a royalty?

DetailsPurchase price: 1.1MReturn (IRR):11.86% per yearCapitalization Rate:5.45%Total Profit when Sold: $1.16MHolding period: 20 years5% down (so that I can take maximum leverage)mortgage rate: 6.7% 30-year fixedVacancy: 5%Management Fee: 8% --> I used this only for calculation but as I will be staying there, I plan to self-manage it.Cash flow: negative $1500 --> My primary job pays decently and I can manage this and have 12 months of reserves.

These properties are currently being rented for a great amount with great cash flow.Most of the time, these properties are not in the worst condition, but they are not new either (I think about $10-20K in repairs needed) or even properties that have great tenants paying great rent in them.Now, if I analyze the MAO with the standard calculation (ARV * 0.7 - repairs - fee), it won't make sense for the seller, and he won't sell it (found out the hard way haha).What do you guys do in that situation?

NJ is not a great place to invest a small chunk of cash with the taxes in the more Northern parts and the very low inventory.

Here is our first deal:- We each hold 50/50 of the property on the title (I contributed 80% of downpayment, and he was supposed to contribute 20% to the downpayment, and we got a hard money loan)- after we sold the property, I had to fill out the 539 form for withholding tax in CA.- The partner brought in a cash contributor for his portion (let's say A, who got 50% of my partner's profit, basically 25% of the profit) to the deal and put a lien on the property.

I found a house in coddo mills that is around 300K and I need to pay $300 every month from my pocket after renting out that house due to current high interest rates (25% down payment). 

Consulting a real estate attorney experienced in creative financing methods can help ensure compliance and protect your interests.Texas has specific regulations regarding real estate transactions, and certain creative financing methods might be subject to additional scrutiny.Insurance and Taxes:Ensure that property insurance and taxes are kept up to date.

Don’t skimp on screening or you will pay for it.

It depends on the strength of the leases, quality of tenants, and about 17 other factors.Are they paying market rate?