The draw back to using realtors is many realtors only look on the MLS for houses and many times this is not where an investor wants to find a house.

Tatiana K.I'm not sure what neighborhood demographic your rental would draw so only making an assumption with it being a 1/1 you'll more than likely have a bachelor/bachorlette or a couple living in the unit - I'd spring for the shower.If  you had a more family oriented unit or your neighborhood will still draw families to a 1/1, stick with the tub.If you haven't already thought through the maintenance/functionality issues - Steve raises some valid points about water around windows, proper ventilation etc.

In fact, senior housing transaction volumes are currently at record levels, and some of the biggest developers in other property types are putting senior housing projects on the drawing board.

Since this is a pass through structure, the tax items will be reported on individual K-1 statements in proportion to how you divide it up.In terms of the cash investment, each of you will have a "capital account" inside the partnership structure.  

I have looking at a house on a large piece of land that I am thinking to sub-divide and build new homes on.

I believe they are drawing on their 401k or pension of some sort for this. 

You can then divide by 12 to get your AVG P&L per month. 

I guess the other option is to use a portfolio lender to keep buying real estate as prices draw back, if they draw back, as a form of dollar cost averaging.

Their process will take at least 30 days.Their draw period like most is 10yr with the remaining 10 as a payback period.

They had divided interests among multiple businesses.Finally I decided to buy an office building and hire a full time employee that does nothing but work on my business all the time.I set a salary paid every 2 weeks and then a bonus structure of a certain percentage of income for my commercial real estate transactions.