Set up purchase criteria that will define success for you, an arbitrary minimum purchase price is not a great criteria, instead I would use something like proximity to good schools, neighborhood improvement trends, etc.Finding good deals is really tough right now so it is important to have criteria that are solidly grounded and based on reasons that will steer you toward profits.

But the 'deal' part may need to be defined differently.

I've never heard of the guy either, but there are hundreds I haven't heard of, I don't look for them either.Saying commercial here it seems multi-family is always the path taken, so far it's not defined, just to clarify, Karma, are you wanting to get in to multi-family or is there some other area of commercial property you're trying to get into?

For closing costs is there a list I can find that defines the 4 different groups.

@Sam Crochet, I'm not well-versed in partnering on deals, so maybe I'm talking out of turn here, but you better get some legal documentation drawn up defining all the nuanced details of your partnership.

Here are some considerations for investing in a duplex in the Dallas area and potential alternatives:Investing in a Duplex:If you rent out one property, you can possibly create positive cash flow by partially offsetting your living expenditures.If you're an investor with limited funds, duplexes could be a more accessible alternative because they may have lower entry expenses than bigger multifamily properties.Perform in-depth market research in the Dallas region to pinpoint communities that have high demand for rentals and good prospect for real estate growth.Take a look at owner-occupant-friendly financing choices including FHA loans, which frequently have less down payments.Make sure you have a well-defined escape plan.

(a) "ORCHARD" OR "VINEYARD" DEFINED.

If that's the case here, the PMC would probably not be liable.You'll also want to show the attorney any written communications with the PMC regarding the utilities and ongoing RentReady repairs, as these may also define who was responsible for what or if they took on more liability than covered in their management contract.

@Bruce WoodruffI guess it depends on how you define "real risk." 

Remember, only because the IRS code defines rental real estate as passive for tax purposes.