Whether it's about real estate investing, personal finance, or any other topic, I want to empower others with the tools they need to succeed without expecting anything in return.However, not everyone shares this philosophy.

So having a joint account makes sense BUT my team and I will also have separate deals outside of this partnership with this other person.

In other words, the person with the most toys, wins... not the person who paid the least amount of tax.

Echoing what Nathan said-make sure you compare the scope of work both are planning on doing and vet your person.

I'm a numbers person with decent negotiating, project management, and administrative skills, and I was counting on those talents plus some education to be enough to get taken seriously.

We are shooting for 3x income, but might settle for as low as 2x, if the person seems like a good candidate.

It is a bit of a gamble, but personally, I always get my own bids from people I will hire and either take a credit on price or have title issue the checks directly to those contractors to get work done as soon as I close.  

We took the depreciation on our personal tax return in 2022.

James has time and time again always posted extremely helpful information on every post, he would be a great person to connect with. 

I would vet them intensely and make sure the lease is personally guaranteed.