There are enough easier jobs where they won't have to take on the added risk.It also seems like a normal footing would work but I suppose the soil and weight of the structure may dictate otherwise.

With the units being full ATM the pro forma financials will push the DSCR well above 1.25.How much weight does the pro forma put in if the current DSCR is not that great.

Rents are probably $150 under market rent on both sides.My inclination is to work with people who have a good payment history and move rent up gradually, but I'd like to get the long-term renter into a legal situation on paper.

I would "weight" the partnership based loosely on financial contributions to the company.

Sorry, just have a huge weight on my heart about the rich dad real estate seminars that are going around the country.

Focus on the basic tasks like how to crunch the #'s first, become proficient, and then gradually work to build your own systems.

I am seeking general advice, I know that eventually a lawyer would need to structure this.The idea would be to start with one property and grow gradually.

This would also give a bit of time to inspect the units and make any necessary fixes or updates.A poster on the other site brought up the point that a long term tenant will be much more valuable in the long run, so it would be best to make the changes gradually to try and not drive them away.

One of the first flips you might think about doing is one that you can live in while you gradually do the work.

Just trying to weight my options