@Ashley Abramson this should be (or should have been) included in the original partnership agreement with other unforeseen items like death of a partner, divorce etc. if it is not outlined int the original operating agreement, then you should contact an attorney.

I bought apartments then got my license to dabble, help friends/military/investors, and use it for myself. 

@Sandhya Gorman, what are the large items in the closing costs that make it add up to $6k.

I was in the military and was really open with my Airmen.  

Overages happened in plumbing, where we found numerous items that required changing.

There is significant foundation, plumbing work to be done in addition to other items.

Hi BP community, I just got my very first house inspection report and looking into some items to try to understand next steps and get a sense of potential cost of repairs.

They’d rather pay me a one time fee to do all the ground work such as the items I described in my original post above.

So, the issue comes down to what condition the house/duplex fill in the blank is in.If it is a turn key I keep month or 2 plus I start the tax fund right away and heloc for big ticket items If I get on a rehab roll/stock market sale, it goes down to the numbers above if not this numbers go up.Right now, the stock market is having a sale I am nibbling at it.A house that is rough shape you will need more CASH, you will be doing repairs a lot.

As a military spouse, I am interested in learning more about long-distance buy-and-hold real estate investing, as well as opportunities to work remotely in the field to build up my knowledge and experience.