Should I form an LLC with them as partners?

But does anyone who has started off with Townhouse/condos and have been successful have any advice for me? 

We are located in Austin TX which is pretty close to San Marcos TX (both college towns) so it's common to have someone sign a lease guarantee form which makes them liable to pay the rent if the tenant can't for any reason.

I have been a SFH investor and I am thinking about investing in multifamily (commercial 5+) in the first half of next year. Does anyone have tips for a first timer making that change?Mainly I am thinking about if I sh...

Hi All,I am looking at an opportunity to buy 5 units (condos) all for sale in the same transaction, and am looking what the best form of financing would be.

I have also taken the route Theo mentioned as I syndicate larger deals and have started to get involved with charities as a way to form relationships and finding new KP's. 

@Richard Prater 100lb any breed is too big for me.

We just got a HELOC on our primary residence to use to buy our first rental, and the math of how that gets paid back and how we get more money for the second deal, etc, is still a little cloudy for me (I thought that being an English major meant I would never have to do math in my life, oh well. ) What you said makes sense to me.

It's out of state for me but happens to be in the state where my mom is a realtor and is actually in her town. 

How much does the property have to appraise for for me to borrow how much?