Can't wait for the next one (where I should be able to contribute a little more, instead of sitting on the sidelines watching and learning)James Martin, what's college?

I have some duplexes where I make both tenants contribute to the water bill, I have some where I just pay the whole thing.

As far as reserves, your cash flow should start being enough based on the numbers you're putting out there to start contributing pretty significantly to your reserves.But don't worry about the management of the units.

Looking forward to contributing and learning.

Each bank has different cut offs besides the regulatory requirements for any large cash transaction report so don't even be concerned as it will match up from one depository to another.I'd keep him as a lender instead of getting involved in profit sharing and interest earnings, but what ever you need to do to make him happy.If you do share profits that opens the door to being responsible for the operations and profits and more partnesrhips fail as one partner sees themselves doing most of the work and having to pay for very little contribution by the other.

It was great advice and probably contributed to me selling the home.

It will be cool as long as none of you partiers contributes to the delinquency of a minor.

True they don't match contributions, but it isn't designed to be a fully-funded retirement plan.

I'm going to hazard an answer to my question, correct me if I'm wrong.A) If the investment is by loan then they are like any other employee/contractor like I stated above for a renter.B) If the person is a partner, then it depends on the partnership was made up how the "contribution" is compensated for, but no W2 or 1099 is needed.If a corporation then the work could be treated either way.

If you don't want to live in it and can get a 10% down investor loan, find out how many points to pay the loan down to match OO rates, then you could just lower the offer by that or ask the seller to contribute the price of the buy-down.