I’m trying to figure the best way to structure the deal (equity, yearly dividends on cash flow, etc).

The Annual Owner Statement should break down all the expenses that the owner's tax professional then figures out how to deduct and on what tax schedule.So that way the owner can expense everything throughout the year?   

I have often seen many people love the idea of building, but once they figure out the cost, those ideas change.For reference, here in Chicago, you can expect new builds to be between $200-$275/SF depending on MANY factors...that's just a very rough ballpark!

I don't have a ton of cash right now so figuring how to do it all creatively is definitely in my priority list.

@Krystal Lozano,Building a portfolio to a 6 figure is definitely a long game. 

That said, figuring out if and what to outsource is important to make sure you're spending your time doing high impact work..

🔥 Yes Trevor. talked to few agents,lenders,contractors, and checking out the properties, trying to figure the good contractor and deals as well.

Your biggest challanges:1) Figuring out how to advertise on Zillow2) Handling all the calls3) Scheduling showings - and getting stood up4) Finding a rental application to use - you can use Zillow's or easily Google for one.5) Figuring out how to screen applicants ***** This is IMPORTANT!

well, there are gurus and wannabes that's for sure, but if everyone did some research they could figure that out and get the right people to guide them.

@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?