While this is ongoing, read up on tenant screening, start coming up with a new lease so new leases cover 1/4 of utilities, billed as part of following month's rent, or set cost based on square footage built into new rent, if area will support higher rents. 

I have had an ongoing application process since Jan 2020.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

It's easy to obtain, costs very little, and doesn't require additional, on-going effort to maintain.

@Kory Muraoka As far as negotiating terms, you want to be a little more generous than the ongoing mortgage rates.

I'm not sure if this will be an ongoing thing, but I'll PM her email in case you want to inquire.

I have a 20 unit in a class C- area, and I would say we need to budget somewhere between 10-15% of the rents for maintenance on an ongoing basis.

We are splitting everything down the middle such as: upfront costs (downpayment, repairs, closing costs, set up costs) and ongoing payments (mortgage, repairs, capex, repairs) and we will be splitting the duties equally and profits equally.Does someone have a document I can use for use to sign and notarize?

Lou has a small upfront cost and then gets a reasonable percentage of each deal I do (up to a specific point)...so, he is invested in my ongoing success!! 

Working for yield asset types can equal higher yield but BIGGER headaches.Passive yield or almost completely passive yield can be not as big on going in cap rate but can have more headache free cash flow over time.Less headaches equal more buyers willing to pay a premium.