I dodged a bullet - the condo I missed got hit with a special assessment of $10,000 for replacement of the stairs in the building, about half of the owners could not pay that and got foreclosed, and the listing price on those units 9 years later is in the $25,000 - $30,000 range.

offer real estate agent their half of commission, my wife is a Realtor and represent me.2. 

They make a commission when you buy, they make a commission when you sell, they make a commission on the HML loan, then they get half the profit on the sale, and you did all the work, took all the risk.

Then after obtaining a loan at what ever cash he can get to the LLC, you buy the partner out under the Operating Agreement and being responsible for the LLC debt paying from your interest earned from management and your half of income proceeds.

She did the remodel and put in a deep kitchen sink and a disposer, and the disposer outlet is too high in relation to the drain's wall connection, so the disposer is always half filled with water. 

The rent on it was $16,000 with a market rent of $21,000 and a tax assessment of $640k so I was very excited at the possibilities this portfolio had but then we got the prices he wanted and it was $1 mil for the whole portfolio and with current rents at $16,000 it is about half of my min ROI.

I live in a little city called Goshen, about a half hour from South Bend and the University of Notre Dame, two hours from Chicago and about three hours from Indy.

I like your approach better than the other half's.

It is in good shape, but having lived in it myself for nearly a year I have a good idea of what it needs rehab-wise (minor cosmetic, but definitely needs a complete kitchen rehab, and could probably use at least an extra half bathroom). 

Scenario:The property is located in Georgia, South Carolina, or North Carolina. Person A owns 50% of the property.A is the responsible for the mortgage on the property.Person B owns the other 50% of the property.B is ...