Equally as important...what factors may signal a house is a landmine?  

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

@Cody Godfrey@Mike Miller@Tom S.Here are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.

Is every dollar of payments, repairs, costs split equally across partners for perpetuity?

The world of real estate investment has always equally excited and scared me. 

If you're buying at 15%, there's a good chance that's about what it will end up being, all things being equal.

@Bret HaburaHere are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.

If the reports come back good, then I refund them the fee on the first month’s rent (reduce the first month equal to the cost of the background and credit check).

I feel like it's easy to over complicate this and I've confused myself unfortunately :)..The definition of IRR being the discount rate that makes NPV equal to 0 makes sense to me.

Our thinking at this early stage is to setup an LLC with 50/50 equal share.