-Permit cost-Plumbing cost to hook up all lines and get operational-Electric: Cost to hook up the homeThe above are not necessarily ALL the costs.

But you're not going to get people to give you 100% of the down payment and operating cash and let you retain, say, 50% ownership.And, syndication involve a non-trivial amount of legal work.

However I would like to continue operating the property-management side of the business.

Outside of the office I bring a risk management perspective and a demand for operational efficiency to my real estate investment and management.I have experience managing both residential and commercial properties as a landlord.

I bring to the table finding the deal, and essentially managing the property, expenses, operations.

Here is the way I have done it:1) Setup an LLC that will solely hold this new investment2) Draft the asset specific investment plan with your target strategy, timeline and projected return profile 3) Get an operating agreement together wherein you would define what would be your duties as the Managing Member and what would be the duties of the Members.

We’d have a promissory note and/or operating agreement?

Any neighborhood that is really exclusive is going to have very low turnover, which makes running accurate comps virtually impossible.

Your willingness to sell part or all and under what terms, with recourse will get you a higher price.Also, is the business or property listed for sale currently or in the past year, if so the asking price.The above will probably get you a bid subject to due diligenceRE Tax statement and proof of insurance and premiumsBorrower's financial statementCopy of the sale contract Copy of corporate authorizations if the note is in a company nameIf the note is in a business name, the filings on teh entity, copy of filed by laws/operating agreement, partners originally and prior to settlement a certificate of good standingAuthorizations for credit repots to be pulled on principals (this can be an old authorization, a new one is not necessary).Name, address and phone of the settlement agent, attorney, and listing broker if any.

Surely they can call the partnership an on going business that will acquire more properties.There are business expenses needed for any operation and ones specific to the acquisition and management of real estate.Most notably in this case driving to properties that they need to evaluate, then manage construction, then possibly rent it out and manage the properties.I'd think any marketing expenses and other general expenses should be treated that way.