In most situations, the partners are required to file state income tax returns and pay tax on their respective share of partnership income.

The rates, returns and types/locations of properties and their respective price points are all over the board.

This is why at any level investors will establish a minimum deal size they won't go below, or at least the profit percentage of a small deal will have to be much greater than a bigger deal to entice them.

I also agree with those advocating to either establish a relationship with an agent or to become one.

The way I have established market price was actually looking at other listenings on zillow in my area, specifically my neighborhood/block.

I get this from one of our neighbors- a rental if it is run down and has loud trashy tenants and cars on blocks would diminish value and rightly cause neighbors anger-- all our rentals are in well established developments-- I give my card to both side neighbors and ask them to please call us if there is excess noise, traffic, residents,etc-- it creates much good will & I also tell the new renter that we have done this with the neighbors-- it puts renters on notice that you will find out about unmoved lawns, animals, etc. as long as your home looks like a home and not a shabby obvious rental, your neighbors will calm down.

If you have other obligations you have to subtract them from this 2250 number which could reduce your buying power with respect to sales price.

@Frank Curtis , that is a common strategy to purchase then establish cash flow and then refinance to pull your cash out.

And gain much (maybe to much) self respect and worth.

Yes, you can establish bank account, fund it and begin investing.