The house is set up really well for a family so I'll stick to that.

I am thinking your worrying about nothing.. when I create HOA's for my new communities I never turn them over to the owners until I am done building 100% of my project out.. last  thing you want to do is answer to a bunch of homeowners :)  then they set up their committees and they make sure everyone keeps the property in good condition etc etc. 

Also I can set you up at the Marriott downtown, exactly where you want to be, big discounted rate. 

Works great and I love that it’s automated so once you set it up initially neither you nor the tenant have to mess with it again. 

Dan Hi Dan, I think of it this way.Hard Money Lenders are people in the business who respond quickly, are set up to do real estate transactions and charge more money for the convenience and speed.

I highly recommend you and your friend educate yourself about setting up a partnership.

Use their age or ages and set one or two index target funds with Vanguard.

I'd wait until you have the money set so that you don't have extra moving parts.

Of course these properties are old, and require more maintenance than others somewhere else would.What I'm getting at is that my skill set, my area, and my mindset regarding investing complement each other in what I've chosen to do within the field of real estate investing.

I have my LLC set up, a rough outline business plan and will be joining my local REI but as far a taking the plunge I'm suffering from the infamous "analysis paralysis" when it comes to finding deals and making things happen.