"Gambling" that the value of the asset will increase also has its risks.

We highly recommend CityGate for B/C Class Assets.

You can then show experience in the REI industry since you both have investment properties, and have existing mature assets in the LLC.

You wouldn't want to expose the rental assets to the risk of Flips ( contractor falling off the roof).

The assets, market & tenant base are going remain the same.

I did not use FHA but I did obtain a VA Loan (still federally backed), and I was worried that the DC property could be viewed as a primary residence as these federal programs are generally meant for first time home buyers and not investment properties.

This will not require an additional tax filing requirement of a partnership return.Instead you and your partner would each report 50% of the income and deductions directly on your tax return form Schedule E.If you are looking for protection - you can obtain an insurance coverage as others have mentioned.

vetting the ground partners is critical.I find it, well, if not humerous, maybe strange..but you have a landlord that bought a mid west 40k rental property and they want a full credit and criminal background on the tenant moving into their asset RIGHT ?

Since she is young, I've explained to her the important of assets vs. liabilities.

I am planning on starting a real estate class to obtain my license starting in May.