If you have any more questions you can call or PM me and I will go into more detail but you really need to be talking to your own people and getting things going. 

If you are in NY and have any interest in hearing the details on this deal feel free to send a private message. 

Nothing to do with the purchasing of real estate, obviously, but to help yourself out in the beginning and also as a potential alternative means of saving/making some extra money long-term?

If you can answer a few of those questions, I'm sure people would have detailed answers for you.

Thanks in advance for your time and attention to details. 

The house was in immaculate condition, and the extra land, which was NOT a subdivided lot was essentially free. 

Closed in October 2013 at $152,000Over the next few years, I made some additions and repairs (new bedroom, bathroom, and extra kitchen in the basement), and now got two housemates - completely covered my mortgage payments.2015 rolls around and I start studying real estate a little bit more.

The operating agreement (OA) details what member is responsible for what task(s) and how capital funds are contributed.

PM me if you ever want to discuss the market in detail. 

I'm curious if most investors here still have a day job and just invest with extra money versus being involved with real estate full time?