My partner actually lives in the area that we want to invest in.The long term plan is to just use this as a buy and hold.We were planning on splitting all the repair costs.Great insight though, I think we will have to go back to the drawing board and see what type of property would truly benefit both of us.

I did sell mine just a few months ago and I bought a new 4 runner in dec so I could get 100% write off.. but buying gas is a new experience I wont even look at how much it costs I am afraid we are 3.50 to 4.00 her in Oregon..

These tenants reported the wood porch floor being damaged, and since it is old, I replaced it with brand new boards. 

I told him no, your overpaying buy about 30k.

I bring my investors deals that I would invest in before I buy it.

Biggerpockets also has a calculator you can use to analyze deals and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Quote from @Lucas Hunt:  I will essentially be managing the entire property/collecting rent and my friend will not have to lift a finger.No offense,  but your friend would be better off buying the property for himself and paying a PM 10%.

I am not sure I buy that Pilsen is the one southside of Chicago neighborhood driving rent increases, but it is surely a gentrifying area and factor.I think Bronzevilles & Woodlawn's ability to have more new developments has allowed that entire se coordinator to become a huge factor on the southside.Regardless, whatever you are doing is working so keep doing it!

I’m born and raised and living in El Paso, TX and have been looking at properties in Cape Coral, FL. I’m not familiar with the area but after doing my research, it’s looking like it’d be a great area to invest in for ...

I got a lot of inquiry from buy/sell/trade groups on Facebook.