I told her I would do 60k with 10k down and then the rest when I developed the land and sold it.

We're both on board with the idea now - my question is around how to make the purchase and structure the agreement...we both want to go in 50/50 towards a conventional loan and then have it managed by a property manager. 

So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.

But then on the closing side, the attorney side, etc - listing what each potential person who could or should be involved in the transaction and what their role is would probably be helpful for someone getting started.

So then the house is 10% owned by The Person, and 90% owned by The LLC (income and expenses shared accordingly).Now this year say I want to take the same percentage (10%) - and say it's a flat market and the house is still appraised at $500,000.  

When a buyer knows they want to buy and buy again fairly soon they need to target the homes in order.Bank loopholes which cannot be questioned; Buying smaller home first, then buying bigger home (Sqft/GLA) we review it as growing family, need space for office, dogs etc..

To be clear, I'm thinking I would do the above for several years while building my portfolio and learning, and then solely focus on my portfolio once I'm established and am generating enough income to live off of.

Then you you negotiate your share of the land. 

The estoppel is a form filled out by the tenant, then confirmed by the Landlord, and then accepted by the Buyer.

@Dan Hertler if you’re cash flow negative then how are you hitting your ROI targets?