Also, consider these issues: Capital calls if no rental income to cover mortgage payments or major CAPEX expenseA partner wants to cash out, or diesOne partner is sued for something outside the partnershipWho will be the controling partnerUse BiggerPocket search feature as there are other numerous, helpful discussions on partnerships

Numerous investors do this hopefully a few will chime in. 

Then there are numerous other options such as investing in a syndication, NNN, private lending, notes, traditional buy n hold, flipping, etc.    

Also when you buy from HD you give a job number(property numer etc) Originally posted by @Bob H.

We have access to a $250,000 HELOC and $65,000 cash on hand we are willing to invest.I have owned two residential rentals in the past and have managed them both myself, I am at a point in my life where I do not want to do that again.Our first deal together will be her first deal.We have both been studying real estate investing all year long and plan on pushing for our first deal as of January next year so our finances will be aligned.I am leaning more towards a quad plex minimum or to even attempt to push into commercial size rentals instead or even try and find a small strip mall since I've read multiple places that commercial is a lot more beneficial and it's easier to manage businesses rather than tenants (but with the right property management I suppose neither of those points matter)She would rather start smaller, still multifamily but a duplex or triplex max due to simplicity and to get our feet wet first.

@Luis Sanchez RodriguezThere are numerous discussions on BP about LLC vs no LLC.

I am new to BP and figured what better way to get my feet wet then make a post and document the beginning of my journey. 

You may have to manage more properties or hire a management team to take care of this but at the end of the day you make the same amount of money if not more and you have more retirement wealth.Clients that I spoke to had mentioned numerous of times that investing is not that easy but it’s not that hard at the same time.

That at least gets your feet wet with little down while you pursue your law degree.

I've executed a POA numerous times for property managers making acquisitions on my behalf, never even seen the properties in person till this very day.