It’s not a lot of security as between your second position and the first, there isn’t much equity protecting a default  Also, what type of professional would you hire to prepare the mortgage paperwork?

Really bad mold has to be gutted down to studs and sanded down in negative air chamber. 

You are going to spend a lot of time on obtaining a mortgage, finding properties, getting insurance policies, hiring a property manager, etc for $150/month.

You get the idea.Then, think about how much overall value and expertise and risk each person is providing and split the equity based on that.For me, the important thing is to structure it so that there are project-level expenses that accurately reflect what it would cost to hire someone to do that. 

Don't be the seedling.Am I just blowing hot air?

.- The Hyperloop, which is a tube with most of the air pumped out, in which shuttle pods can race through at hundreds of miles an hour. 

Are there options to hire a third party member to check out the house?

You will need to hire an architect for drawings and plans and a local one will be familiar with the process and the zoning laws.

Then you can hire a part time leasing agent and/or maintenance person at an hourly rate.  3) You could shop the PM to other management companies and see how there bids align against your current company. 4)  Find another owner and offer to share in their management cost. 

As your portfolio grows you may want to hire a PM anyways to free you up to continue finding more properties.You have a lot of choices and a lot of studying ahead, but it’s all good stuff!