Don't step over dollars to pick up pennies when it comes to management.

We are getting educated as we speak, but our goal is to flip initially and then get into multifamily.

Initial Escrow Payment at Closing $0.00 01 Homeowner's Insurance 02 Mortgage Insurance 03 Property Taxes 04 City/Town Taxes 05 County Taxes 06 Aggregate Adjustment H.

@Jim Connor welcome Jim.... my advice is one step at a time man!

You definitely don't want to be paying a monthly fee or a % transaction fee when you are initially just looking to buy properties for yourself.  

Finding the information is the first step, so you are doing great so far!

Your post was apropos because it’s easier to analyze the heck out of a deal than to take the actual steps to engage in the buying process.

I've noticed you can find duplexes and fourplexes in Cleveland easily, but because of higher property taxes I'd need to buy in lower C / D areas to make decent cash flow (this is just my initial research).

So that's step one.

Typically, I would base the profit distribution on the initial capital contribution, but I am not sure if that is equitable in this situation as his skills will likely be needed more often than my skills as an attorney.