The main take away here being don't push your estimates to the top of the limit in order to make the investment work, at that point you're setting yourself up for failure.

Not looking to sell as a duplex, this would be for a rental purpose only.

Yet.)The actual Request/QuestionWe are currently having a lawyer draft up a contract to define the partnership (as private persons, no company structure yet), and it would be very helpful to me if you could look over the main points and give me feedback!

@Rob DeLaurentisRob,....I'm out of state as well, but I purposely have looked at Cleveland because of the excellent cash flow opportunities.

I already work with Advanta IRA but was curious about the locality strictly for the purposes of networking and meetups.

So my main questions are:1) What do I need to do to meet my goals?

Mainly off market deals.

When I worked at a couple of the larger REITS in Orange County, and LA those were some of the main consideration points for a deal.I'll contact you offline later to see if you've already reached out to my old companies in SoCal, if not we can discuss.

Senior escrow officer is quite capable of handling any and all closings needs for REsi re and they do it as a matter of course.the Lawyer is usually in the main office and handles disputes or title claims not day to day closings. 

To keep it as a SFR, we would save on a 2-story porch ($18k) as well as another kitchen ($12k) and a few other needs for multi unit.We could keep it as a 2 unit, but then we have to create a new wall to separate the units again, adjust the main staircase, do the 2 story porch along with a 2nd flr HVAC, dual water heaters & electrical, kitchen and maybe move and/or add a wall.