If you are ready (and it very well seems like you are), then its just a matter of figuring out what type of property you want to acquire and where. 

But moreover, not charging and application fee is more likely to get you people applying who, well, umm, know they would likely fail one but why not apply since it's free?

The project was very well received by this small town and it is a fully operational 20-unit, lakefront, property in a wonderfully busy four-season destination.

Thankfully I have friends and family that have done well, so I think I can pull out a sizeable fund $500K+) without going the syndication route, but I appreciate the comment.

Here’s how you can simplify the process and achieve your goals, while also exploring financing options that could benefit both Cousin A and Cousin B.Tenants in Common Agreement: While Cousin A and Cousin B will technically need to report rental income and expenses according to their ownership shares, a well-structured Tenants in Common (TIC) agreement can outline how they handle income and expenses.

My intuition tells me that if they were rehabbing a property in poor condition, they surely must have known that water was leaking into the basement.

That MSA has a lot going for it, with a bunch of the small towns around it, doing great as well.

I personally enjoy a misting fan on my patio.Here are some data points below: prices are steady and rates as well; not too much change in the market this far.

Shot you a DM as well, would be happy to take a look as well.Good luck!

With all due respect I think you have missed my point entirely and are looking at the telescope through the wrong end.The idea is not to spend $100k on a kitchen and wall it off, the idea is to have it be a separate room so there is no need to spend anything close to $100k on it in the first place and put that money towards a better use.To each there own, but I would never waste such sums on the kitchen, which even with that kind of money spent on it will still look less than appealing if it is actually well used.