I am active duty in the US Air Force and have owned two rental properties in the Dayton, OH area since 2008.I first started learning real estate in 2007, shortly after attending various guru courses (namely Rich Dad/Wealth Intelligence Academy courses).

I want to be able to reach my manager within at least 24-48 hours (obviously weekends excluded unless emergency), be able to rent out my place in a decent timeframe, knows the market, experienced, sends me monthly statements in a timely manner, has a good business history/references and does not try to overcharge for repairs or nickle and dime me (administrative fees, filing fee, rent deposit fee) and so on.

Your partner deferring payment until the prop sells is perfectly fine and makes sense to mitigate the risk of running out of money (which would necessitate borrowing from a party that is not disqualified, or selling project "as is", likely at a loss).If you had personal cash, you could also partner with your IRA on the front end of the deal (take title in both names), at a predefined % split.Be aware that flipping profits in IRA accounts are potentially subject to the stiff UBIT tax, based on "intent" to flip, which would be determined by the facts of a given case, as well as pattern of activity.

Welcome Raden, good decision on getting active on the forums, you will learn a lot more.

I'm currently inactive looking to go active.

My ideas are not as flashy and focus on long-term success, not fast money.Have a terrific weekend.

I have only a fraction of the colleagues you do, but still see quite a lot of activity from all these colleagues I am automatically "following."

Kirk,We have been active in Phoenix for several years and even though valuation has risen 23%YoY, there are still good areas and profits to be made.I know a well connected guy in the local market you should speak with.Ping me back and I'll share.Dane

You will be tired and bored to death.Most people want to see the house NOW, and the only way you can do that is to show it on a convenient day (weekend) to everyone.

Welcome to the BP family and happy 4th weekend.