This is easier to do if you become a Realtor so that you can make your own offers and have your own MLS access.

But thats easier than tenants IMO.I'd recommend a 4 unit over a 2/3 simply to maximize your unit count.

This makes my life a little easier when it comes to dealing with the tenants.

It would have been much easier to set out guidelines and set a few different types of loans and just say, use this in all SF deals and just take them to an attorney.

We'll see how this campaign method pans out.As for that one year performance, it'd be much easier to show everyone the spreadsheet, so if someone can let me know how to post an excel file, I'd be happy to.

Hoping that this is a one-off (not a lot of hope - leopard, spots and all that), but know that it will be much easier to handle once we are in town.As of now, I am writing a late rent notice to deliver by certified mail with proof of delivery so we have a paper trail if we get down to a need to evict.

This will be easier for your year end tax records.

@Justin Stamper I'm sure everyone can figure out how to park in downtown, but there are other areas of Orlando that are easier to access.But in case they cant, do you want to be a guest speaker and teach people how to park in downtown?

Nice, clean appearance.

No splits, profit shares, etc.It keeps it clean and simple and keeps you in full control of the investment.I think payments being paid on performance / profit splits can lead to tension in the family and limit your control in a deal.For instance, if you were going to sell for a loss, and your parents disagreed, or vice versa.