We were considering dividing ownership when it comes time to sell or move by keeping track of all downpayments, mortgage payments, and maintenance payments and calculating a strict percentage of property value.Could I please get some feedback on lending possibilities and things to watch out for, as well as models for determining percentage of home ownership in a joint situation?

The prior post is right on target in that you must track down deals where the buyer is ready to sell at a major discount.

You WILL have vacany and you WILL need to make repairs.Without a track record for the property you will need to make your best guess for vacancy and repair.

Not to mention Dale Earnhardt Jr. is expected to build a 6 track speedway surrounded by a dozen hotels and numerous restaurants.

Especially if I haven't done that type of investment before and have no way to know if they are on track or not.

Especially, when you come from opposite sides of the track in your thinking.

If you are just talking about leads and that's all you care to track, then there are a million free systems out there.

Perhaps a naive question, but for someone like myself looking to purchase my first 2 properties this year, could someone walk me through the benefits of using quickbooks pro vs simply keeping track of income and expenses in an excel spreadsheet?

They are in business to make money and care absolutely NOTHING about the truth, justice, or fairness.

There is a house that I pass by frequently, looks abandoned, grass overgrown, no house number on it, tree limbs in the yard....so did some research on it and I believe the owner has died....she was like 97....I looked online in courthouse records and see someone with Power of Attorney....thinking its a relative who lives out of town...I have tried to track her down using the whitepages.com....but there are 50+ people with the same name.