One could argue that 60/40 makes sense to give you voting weight but that can also be accomplished at 50/50 via the partner agreement.  

@James Wise@Alex Craig@Andrew JohnsonYour advice is sound in that you need to analyze each deal...and that the deal can come from anywhere...can't imagine anyone could argue with that. 

I'd like to hear someone argue the morals behind speaking to the seller and negotiating a better price.

This is a really old article and probably fairly inaccurate for specifics now, but it will at least give you an idea of what I don't like about a market-https://www.biggerpockets.com/renewsblog/2013/09/2...For Cleveland, it's also about market fundamentals.https://www.biggerpockets.com/renewsblog/2015/12/1...Plenty of people on here will argue for both of those markets, and to that I say- to each their own.

The ABC's of Real Estate Investing- Ken McElroy 6.

For instance, if your LLC, "ABC LLC", has $2MM in assets and $1MM in debt, you should report an asset of $1MM for "ABC LLC" on your personal assets when applying for a personal loan.

Hi Jeff,I believe that there is great value to be found in Ohio and Michigan.Please check out 2 blog post that I wrote for Bigger Pockets regarding the different types of asset classes and also what I consider to be a good strategy when looking to invest out of state or country.http://www.biggerpockets.com/renewsblog/2014/06/28/abcs-real-estate-asset-classes/http://www.biggerpockets.com/renewsblog/2014/07/26/sight-mind-real-estate-investing-afar/I hope you find them useful.Thanks and have a great day.

I like to reason things out so please don't take my arguing or debating your points to mean i don't agree.

I've always considered myself all 3.activepassivebusiness I'm confident I could argue any of the 3 to my benefit with tax man etc, as I've done on previous occasions.

Let's identify, compare-contrast the issues.SFR:only one tenant(or family), so only one rent received per monthonly one tenant to manageone mortgage to pay on Conventional Loan, LTV on market and lenderone 'set of expenses' common to a buildingwhen empty, there's no rents receivedclosing costs to acquirequalifying on your credit and DTIproperty value is base upon Compssome argue ease of resale and appreciation value (still based upon comps) MFU:several tenants (aka one per door) and several rents per monthseveral tenants to manageone mortgage to pay on a Commerical Loan with an LTV 70-75%, so yes you have more downpayment.one 'set of expenses' common to a buildingwhen one unit is empty you still get n-1/n rents coming inclosing costsMFU 2-4 units still qualify on your credit and DTI whereas MFU 5+ will qualify on GSI, NOI and DSCR.property value is based upon GSI * GRM (aka the rents it produces)resale is based upon the CAP and Cash-on-Cash rates (aka investor metrics)IMO, the risk reward leans heavily in favor of the MFU 5+