What: 1) 3 story, appx 2200 sqft apartment building built in late 1880's, all boarded up needing a major gut rehab (# of bed/bath are unknown) 2) lot right next to the above building (don't have the measure yet but it's small, appx. 0.2 acre or possible under )Purchase Prices, ARVs, and asking prices (provided by the potential partner): Potential partner got both of them as is off of a private auction at below prices: 1) building: auction purchase 700k; ARV of 1.3M; asking to sell at 900k 2) lot : auction purchase 300k; ARV of up to 1M; asking to sell at 300k Proposed Partnership: She is funding 90% of the deal through her private lender so she needs to put down $100k of her own cash and she is asking me to put down $50k with profit split of 25:75.

Insurance is expensive in Fl. and higher for companies if you operate as an LLC or S Corp like me.

If you're well-informed about your area(s), you should be able to make a quick offer when something comes up under market.

@Dan RobbinsTDC = Texas Department of CorrectionsRSO = Registered S@# Offender

Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

I don't bother trying to transfer them to my S Corp after closing due the limited risk of having the mortgage called and frankly not wanting to deal with it. 

Here’s the property https://www.zillow.com/homedetails/200-S-29th-St-Lincoln-NE-68510/6622245_zpid/

I agree with the others, the acceptable payment method(s) should be addressed in your lease.

I am paid as a 1099 employee (im a psychologist) and ive created an S-corp business for tax purposes for this 1099 income.

This area was developed in the 1960's and is a coastal peninsula similar to Long Beach.