That's why I would never had a business partner.

As someone who’s spent years building a real estate business from the ground up, I’ve seen both sides of the equation.

I have 7 MTR and my income is 1.7x my long-term rates ($1200 vs $2000), but that is very specific to my properties, my location, my business model, etc. 

Everything looks great and a year later that employer goes out of business or lays everyone off? 

If your state is an expensive one it might be cost prohibitive to have an LLC for a small rental business.

Usually most franchise models in other business environments have the whole package.

They eventually sold their business to another company and things were fine after that.All the others were easy.If you are going to switch, you might want to try that after a resident moves out.  

How's business going for you?

Beg family and friends to fund it for you.They "might" do it if they see you've learned a lot and your business plan sounds very solid.How do I know this "might" work?

The other is a smaller operation which does a lot of business in the specific neighborhood the house is in.