Basically,his contribution to this joint venture will be nothing but putting up all funds needed from start to finish and we split total profits 50/50 at close when sold.

I basically set an interest rate or preferred return on their money, usually 7-8% paid monthly.

If we can continue to buy with a good Margin of Safety/Exit Strategy with solid Rental Rates, how can we loose?

What is represented now is basically the depletion of reserves.

Make friends with a title officer and they will give you access to systems that let's you pull any document you want.If you have MLS access, the ones in California come with a First American product called Realist that gives you basic ownership info for free.

After 15 days or so I realized I had overestimated the value of the property and basically told him that the investors I work with didn't think it was worth the price I was offering.

My rent basically covers his taxes and insurance plus a little, so still don't know if he has paid it off.This summer, I made an agreement (over txt, almost as bad as handshake) with him to pay 1/2 rent each month until I could repay the back rent in full, all at once.

I only rent section 8 when it makes a lot of sense, basically I need to be able to net $300 + more dollars a month over a normal tenant.

Going to safety expecting very bad times ahead or expecting some terrific buying opportunities?

Some will say to watch for over leveraging and I can see the risk, at some point equity is needed as a safety net, but to start, gimme gimme gimme.I'm looking for buy and hold opportunities, passive income for retirement in the form of multifamily rentals.