Second thing: join Tidewater real estate investors group.

We currently own a condo that we rent out, and are under contract to buy our second property, a two-family home. 

I got out of it the second I could.

@Russell Brazil My initial intention was to occupy the space and make it my permanent residence, however my fathers health deteriorated shortly after I made the purchase, which is why I made the decision to stay with my parents and try and rent the apartment out, rather then sell and take a loss.

Usually after the second house closes and they get their profit back, then they start talking to others about it. 

I am now on my second but looking to keep this one as an investment (really good bones).

Secondly, you will be less likely to face appraisal issues if you're listing at or near the top of the market to get the ARV you need to maximize profit. 

When tenants move out the tenant with one space will have the option of being assigned a second space and the then new tennat will only get one space.

(Yes, due on sale clause risk, but I've lived with that myself for years without any issues.)3) The equity from the property should be the contribution from the first couple and the second couple should contribute cash such that each party has equal contributions to the LLC.I would definitely have a real estate attorney help you with this as it is too complex for an on-line LLC creator.

I'm now a licensed real estate agent with Exit Realty Metro (MN) and Homestead Realty (WI)) I am by no means rolling in cash (and proudly enjoy Sports Clips haircuts and obsessing about airline miles for my vacations) but real estate has helped me catch up on my retirement savings and provides a nice second source of income, which helps me stress less about taking on as many clients in my day job (or charging those clients a ton of money).My day job: I’m a political consultant that has managed campaigns, led field programs, designed trainings, or consulted on over 50 campaigns in 18 US states and 8 countries.