Study the market.

For example, not a beach town obviously, but there is Indio, where STRs are very common and if you look hard you may be able to find a deal that could make sense in this market..

Once you have that, you can look at what similar properties in your market are doing for design.

Also, define how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.

Recently I saw the duplex that is DIRECTLY across the street from my property come on the market, and I would love love love to jump on the opportunity to buy this property as well. 

You can't arbitrarily decide that you don't want to allocate any of the proceeds to the portion of the property that will create Ordinary income recapture (thus can't be included in the installment sale treatment) - it should technically be allocated amongst all the assets in accordance with their fair market value at the time of the sale. 

SF houses are easier to maintain, have greater appreciation rates, and appeal to a bigger buyer market.

I'd build on an infill lot closer to downtown. you can get land within the downtown markets and construct multifamily properties through the same process and higher units and better floorplans. we just passed our first triplex in central ohio and are breaking ground in 3 weeks. 

We've worked with hundreds of contractors in Atlanta metro and dozens of HML in the SE market.

hi guysI am new to real estate market.