Once you have a system going, you can KEEP every third or fourth one in the way that you described above. 

If all your questions are answered positively, I would still have a contingency clause in the purchase agreement that would allow you to "walk away" without any penalty that is financial and before I closed I would hire a professional and experienced Inspector that would make you aware of any possible negative/unexpected things that he discovered.I would not buy a single family house for rental unless it was used as a "house hacking" loan that I felt pretty good about qualifying for it.There is only a couple reasons that could make it OK to purchase. 

(Redeem it)I have a couple of questions related to this. 

I have a couple good guys.

I am very very new to real estate investing (been listening to a couple of episodes of bigger pockets over youtube).My main goal is to start building a second income, and buy more real-estate assets over time. i was think about buying a single/duplex with a friend together as my first investment will be a good start for me. i live in Israel. and real-estate here is very expensive here and its require a big investment just for my first asset, also the return rates are very very low.so my question is what do i need to do .- Do i need a back account in the US.

Now, let me say that I did close multiple deals with said individual only to figure out a couple months in that our moral points of view were very differents. 

A good business plan is a couple pages long.  

About to make an offer of 750k in the next couple of days if you think it makes sense.

Johannes,If you have to make changes to the Association, I know of an couple of Attorneys in CT that have handled formation of these small (2-3) unit condos. 

I have a couple highly appreciated seattle properties held since 2006 and 2009.