my last two deals had perdiems in them. one was "i lose 3k if i dont close on that date". the other is "i pay $75 per day for every day overdue".

We have worked very hard for our reputation and have to earn it every day.  

Every day your knowledge will increase and by the time you are financially ready you will be mentally ready as well.Step 3:  Get your kids involved early and teach them what you are learning.  

The potential competition is being destroyed everyday.  

I enjoy owning the asset and not having to work through numerous leads on a daily basis.

If you are OK with that and you and your husband won't resent the uncle in the process for not having to deal with the everyday stuff then I say go for it.The way I see it is he wouldn't be able to invest without you dedicating your time and you wouldn't be able to invest without his money.

As far as allocating interest expense, since all 10 are in one note, the accountant and I will do a journal entry based on the basis value of each physical property.Hope this helps.

@Diana K. home inspectors miss this kind of stuff every day.

But hey, I see people on here every day asking questions that their Realtor should be answering.  

I launched a platform which allows the "everyday Joe" to invest in real estate.