Hi all,We are looking to get into a first rental.

Quote from @Cristian Velasquez: tons of real estate investing podcast on apple podcast such as BiggerPockets, Lifetime Cashflow through Real Estate, Multifamily investing made simple, just to name of few. don't forget to listen to motivational and self improvement podcasts because mindset is everything  I am definitely going to look in to all of these.

6-7k is annual cash flow.If so I would make it a LTR since the STR is not much cash flow and a lot more work.You'll likely be the one doing all the work for your partner.

It's hard to give directions when I don't know where you are going, where you are starting from, or whether you are walking, riding a bicycle, or driving a car.One thing I do know: do not spend all your money!

However, if this is a true "joint venture", all members must be actively involved in generating their own profits so the credit partner would also need to participate in decisions regarding the property such as which contractors to hire; handling issues that arise, etc. 

It was a slow start to the initial spring 2024 shopping season, but properties are still closing quickly, still nearly 1/4+ for all cash and the majority of investors are well capitalized due to the appreciation of their real estate and stock based assets. 

The annual nature of tax benefits.One of the fundamental building blocks of our tax system is its annual focus.

The lender would receive nearly $12,000; after all other expenses, the projected net profit is less than $20,000 for the borrower.

Thank you in advance for any and all help. 

They should have been paying more all along, right?