Buying something turnkey means you paid someone else a profit for getting the deal ready for you to own.Units, 1-4 are considered Residential and 5+ are considered Commercial.

Anything else is a roll of the dice and if the bank discovers it and so chooses, they can accelerate your loan.

As someone else mentioned, find a niche and stick with it.

Hey BP,I was curious if anyone had a very basic operating agreement that they use in the case of two partners with basically a 50/50 split of cashflow, equity and everything else.

The only time you are going to get a deal on the MLS is if you can get a property no one else wants for much lower than asking price.

I wasn't going to be able to pay off my student loans either and thus decided to pay everything else.

If the project is not completed in 12 months, you have the option to renegotiate the rate, foreclose on the collateral, or the borrower can go with someone else and pay you off with your interest.

E.g. my sister and BIL work in Silicon Valley and (like everyone else) complain about housing prices in Mountain View.

Cops will talk to the parents, parents will talk to the kids, kids will find someone else to bother.Note: they may also decide to throw rocks at your windows.

With 4 paid off properties you can retire from having to work for someone else.