However, there was no formal agreement or contract between us regarding the ownership or any financial details related to the property.

This will be a STR.

I'd personally be a bit more conservative with the underwriting and make sure to see what the carrying costs could potential get to especially if this is a bigger renovation and not just cosmetic. 

Looking to meet other investors in the East Valley.  

Also, I know this status can sometimes trigger an audit.

You can easily do this on a spreadsheet, and it will take less time to track than finding and learning new software.

very detailed and thoughtful post. 

Hey everyone,Fairly new to real estate investing and I was wondering, what ways have you found the most successful in finding off market deals?

Hello BP community,I have bought 2 houses LTR in the Savannah GA area this year, specifically in Ellabell.

Hope this helps!