You get the idea.Then, think about how much overall value and expertise and risk each person is providing and split the equity based on that.For me, the important thing is to structure it so that there are project-level expenses that accurately reflect what it would cost to hire someone to do that. 

You psychologically adapt to that level because in your head, you are a B student.So please stop with the excuse of my market is competitive... and people.. stop encouraging such believes.

I have a 2 family house that im currently "house hacking" in i have a ground level unit as well i was wondering what would be the pros and cons of me making it legal and me making my 2 family into a 3 family..

But it always seems to level out when calculated against several properties.

CapEx for a fixer-upper will be totally different than it will be for a turnkey, vacancies vary between property types and locations, and repairs depend on the property condition and the quality of the tenants.

The type of jobs these type of tenants have are low level positions that don't seem to be as impacted by downward market trends. 

Most cities want to see that residents living on upper floors have multiple ways to exit the building in the event of a fire.

If so you will usually build more equity if you buy a fixer upper and do the work yourself.New construction is a good strategy if it’s a desirable area.

Holding LLC would file a partnership return at the federal level and include the activity of all three LLCs on the return and K-1s to you and your partner. 

A family member is also a real estate agent and would provide me with the 3% commission on the purchase of the new properties, minimizing cash outflow on the new properties.So my high-level thoughts are, I could downsize and buy two properties, which would reduce my monthly living expense by 1) a smaller primary note and 2) income from the MF offsetting a portion of the primary note, and at the same time I would be able to pull the equity I have built up in my current home, plus my current cash on hand, to further invest after the dust settles.