Another couple said they are looking to sell within the next year or so, and would hold onto my letter. 

Zack, Tips for auction, set a maximum price and hold fast.

Im in the process of raising capital for down payment and holding costs.

With hindsight being 20/20, I have decided that it's best if I start to accumulate properties to buy and hold.

If owner A of a home holds the note with a bank, and is on the deed...then quit claims the deed to owner B...who has first right to make decisions with the property now that one person holds the deed, and the other holds the note.

If owner A of a home holds the note with a bank, and is on the deed...then quit claims the deed to owner B...who has first right to make decisions with the property now that one person holds the deed, and the other holds the note.

Meaning you will earn a minor cash flow, after expenses, but the properties are being bought because they are solid investment that are always rented in top class neighborhoods, so the investors are looking for places where they can have their mortgage paid down, and the potential of appreciation in the future, while holding an asset that will almost always be rented out.  

I am more of a buy and hold guy as flipping turned out to not work for my schedule.

I try my best to be fair with the tenants while holding firm to the terms of the lease and other rules provided to the tenant.

We hope to both hit the ground running pretty quickly in the coming months.My question for you guys is this:  Once we become more experienced, do you see value in partnering 50/50 on properties in each other's states for Buy and Hold purposes?