Understanding these concepts is one thing, but the key will always be execution.

And valuation is key.   

If you are looking relatively passive you might want to check out my article on Three Key Routes for Passive Real Estate Investing

The key now is to continue to grow your portfolio and pay off those properties as fast as you can!

@Ian TanI use key realty in Henderson for 10 properties here in Vegas.

Cordova can be hit or miss so having someone with local knowledge will be a key to your success.

I would personaly call some of the bigger managment companies in your area and they can give u a round about number but remember location is key in alot of markets and one streets are more desirable while others are less desirable.3.Closing costs can vary lender to lender and on type of loan.

Key is to clearly define the partner obligations and profit sharing, etc.

  ( if it was not obvious the line had been replaced in the recent past or was not PVC.).Its one thing I see many turn key buyers miss in their home inspections is a sewer scope.. out in our market every realtor first thing they do is recommend a sewer scope I even have them do them on my new construction homes..  

If it's a smaller bank/lender, they MAY be willing to work with you and sell you the note, you could then work with her to get a Deed in Lieu on a Cash For Keys deal.