Otherwise, someone needs to be the manager, and someone else needs to carry their weight in a different area.

Just make sure you buy right and account for carrying cost (dont forget utilities, deposits, exc.) as well as closing. 

Lenders are like customers and should be nurtured as well as paid back according to terms.  

Started trying to rent Feb. 2015  I have been carrying this property since Dec 2013 when I was legally awarded the property. 

@Carrie GiordanoThe most important thing is to make sure your consistent in how you apply different expenses to different properties.

Case study  this one I sold in 2013.780 acres  bought in 1999  for 1.7 million... 500 acres in various age class's from 25 year old to 50 year old.. all very well maintained and replanted in the 70's. fully fenced and 7 miles of rock road that would carry log trucks.. great owner to buy from...

Remember, 0 down carry  can be great but don't let that cloud your vision for what you are buying .

For example, true story one tenants dog bites another, complex is owned by one of my LLCs with big mortgage, she files suite on my LLC, finds out in deposition only about 50k in equity and my insurance doesn't cover dog bites and I don't carry liability insurance and they drop the case.  

I would use credit card checks for down payments on seller-carry's.  

I was surprised they were carrying that!