My mother in law wants to buy a new house, i own 2 SFRs and would love to possibly partner with my in-laws (we have good relationship lol) with their old house to rent it out, and split the profit. or somehow get this property from them and keep the profits to just me, but i'm looking for a win-win. they are interested in going in on the deal.key issues: In-laws don't want to pay two mortgages.

My mother in law wants to buy a new house, i own 2 SFRs and would love to possibly partner with my in-laws (we have good relationship lol) with their old house to rent it out, and split the profit. or somehow get this property from them and keep the profits to just me, but i'm looking for a win-win. they are interested in going in on the deal.key issues: In-laws don't want to pay two mortgages.

to buy cash generating property Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am using Vflyer right now to generate a very good looking ad for my properties, but I am looking for something, or someone who knows how to build something that will post to Zillow, CraigsList, Facebook, Twitter, Realtor.com, Trulia, ETC... 

A day will come when you have to finally say "no" to them, and you will be the worst landlord in the world in their eyes despite all the previous times you said "yes".Yes, definitely get items fixed as soon as possible, but also giving in to any whim demand they make (such as paying for their food when they probably don't even have proof of the cost) is setting yourself up for drama, stress, and profit loss.

Depends on how will be doing all the leg work and putting up the financing. are you experienced or is the new partner bringing the experience. if you are putting financing and leg work then I will go with a higher %. if everything is split evenly then you can go 50/50 on profit. please create operating agreement to avoid issues later down the road.

I think it is related to the high property taxes, high cost of living in NJ in general, the new SALT law and creeping mortgage interest rates...those who don't buy with big profit margins built in will be challenged to make money when they exit the deal. 

Since there's not a lot of upside equity potential, would you buy and hold and keep generating $700/mo, or establish a good rental history and sell it off for $60K in a year or so, potentially putting $28K in profit back to the IRA?

If your going to add an serious equity and sell for a profit, it most likely wouldn’t be in good enough condition to pass FHA loan.

You'd still have to put up some of your own capital and give up some upside however you'd take massive risk off the table.Another option; get a 50% LTV 1st Mortgage and use the proceeds to buy more properties that generate income day one.Land development is a high stakes game.