These tips can also be used to achieve success in other areas of your life such as health, relationships, etc.1  Positive Mental AttitudeThe only thing in life you have control over is your mind.

Is a 50-50 split of ownership common for something like this?

Trying to mitigate against common pitfalls but I think a good lease should do it.

The rent covers mortgage+tax+common charges+insurance.

I am a bookkeeper and a realtor (haven’t done much real estate lately), I would like to pick your brains and see if I can give tips and tricks and maybe write a blog for common challenges… fire away

The most common advice that I've heard is have rules written clearly in your lease and stick to them no matter what.

Can you list out the common things that needs to be done and addressed from a rehab perspective in order to make it rent-ready? 

Can you list out the common things that needs to be done and addressed from a rehab perspective in order to make it rent-ready?

I think it's a common assumption that the answer is always "more".

While purchasing out of state can be a little scary for your first deal, it is pretty common for investors in expensive markets to do this.