Purchase price: $220,000 Cash invested: $55,000 1978 4 unit apartment building with (2) three bedroom units and (2) efficiency units. 2 Garage stalls and 2 parking pads.

It has 4 units: 1 unit is a 2/2, 2 units are 2/1 and 1 unit is an "Efficiency Studio" (I think that means it's very small).

i was thinking of lien position & Partnership agreement that describes the split and terms.is that an efficient way to go about it?

We both need some freedoms to operate efficiently but there should be inherent checks/balances to be sure the capital is deployed only in the way we both intend, him having final say if we disagree.

If you only have a few properties with a small number of tenants, texting is honestly a very useful and efficient way to contact them - especially in emergencies.

What is the best and most efficient way to determine arv when trying to wholesale rehab properties to investors

I wish I could do a tankless system; it's not recommended here in Northeast WA because water in the ground is so cold that tankless systems can't heat it efficiently.

Not to mention, if you do not have any construction experience, you are exposing yourself to a lot of liability and risk by not using a GC, since there are a number of things that could go wrong at each step of the process, which will cost you time, money, and energy.

They are affordable, easy maintenance, and very efficient.

@Matthew Medcalf I would live at home if you have that option and put all your energy into increasing your income and eliminating your debt as fast as possible.