There has to be an account in the middle for repairs, renovations, etc. and you want to know how that will be disbursed and if you need a workflow between you.If you decide to do it, just start small with an asset that is as close to can't lose as possible so you can fine-tune your collective process.

I would be interested to know how you make out with this , I’ve been analyzing properties in that area for a while but the best deals were always gone before I got my foot in the door.

While the property is not currently rented, it provides flexibility within my portfolio, as it may be used to house tenants from another commercial property undergoing repairs.

So that would be $2700.

@Foley SchmidtWelcome to the community and be ready for a huge amount of information at your finger tips.

In Michigan, and much of this probably also logically applies to Ohio, a DEPOSIT must be returned. 

Hey @Cameron Chambers, I would be interested in a meet-up in the GTA.

I've already found this community and the podcasts to be extremely valuable. 

We are looking to acquire an SFH that can be converted to a multi-unit duplex or a SFH in need of rehab that could be converted to a multi-unit duplex.

Each hurricane red tagged about 50% of the houses on the beach and had to be rebuilt set back from the beach.