That is your rule of thumb.Partnerships come in many different forms and can help you get your to your goals quicker than if you go at it alone.

That is a long-term goal but one that I hope that she and I can see happen one day.

BP is a wealth of information, good luck with all your goals!

They have been reported in our newsletters and in meetings as we become aware of them.I choose to do some posting here because I believe it is important that the mostly smaller operators that read and post here need to be aware that "flying under the radar" is a dangerous choice.

My goal is one performing or reperforming note and one rental house in my portfolio by the end of the year.

Obviously I am on here to build a better financial future for myself and paying some one else rent is not a long term goal.  

At the end of the day, the bank's main goal is to offload that mortgage to a third party, either Fannie/Freddie or some other party.

I agree with Aleksandrs Vilumsons It's always best to consult with an attorney and CPA to make sure you are choosing the right entity for your particular situation.

The $510 decamps to $208 for the HELOC payment, $75 for lawn care/snow removal per month, and $227 monthly in owner paid utilities -quoted by the utility company- I plan to manage the property, but budgeted for management expense anyway- Furnace and roof were recently replaced- Loan terms are 3.75 with 3.125 points (included in the $7k closing costs above per the bank) - 30 year mortgage- My goal is to buy and hold with an eye on retirement, but of course I'd like to cash flow now. 

I've used trustfci because they gave a seperate site where you can sell you note if you choose to in the future; but there are several to choose from