Using 50 percent rule which is very valid for a low income rental, that doesn't leave a whole lot per month.

If your wanting to buy new and I don't like branding systems, but Amana has a lifetime warranty on there furnaces, AC, and Heat Pumps.

I could see myself starting out at 50% of profit and a determined interest rate on the down payment that they provide.Then maybe as I gain experience I would reduce the percent of the profit that my money partner will get as long as it's projected to still be a really good deal for them.Like I said, I want my partners to all feel like "Wow!

In other words a 12 percent current cash return is not good if your property value is declining 10% per year due to the above factors.

Its better to take time to decide your dream home, since it is life-time project.

An mentor and old friend Ned Carey shared with me the age old wisdom, ". . .the deal of the century/deal of a lifetime. . .. . . comes around once or twice per month!"

From at least one taching source (but possibly the same author) I've heard (podcast) or read about setting up your LLC with a C-corp as a small percent owner.

If you need any help with the math on your real estate test, I have free videos posted on You Tube that will help you with pro rations, per cent of profit, commissions, amortizations.

Here title insurance is about a half per cent.

Thus far I have done 200 letters to out of state absentee owners with about a 1 percent response rate.