I do like the idea of a check and when she pays closing costs ($515) for the title company and I'll pay attorney fees I'll have her write a check and get a copy of it. 

The cost of entry is a bit higher compared to Detroit or Alabama, but the fact that you are grooving is awesome.I would add to talk with your family to discuss the amount of leverage you are comfortable with as you start talking to these new HMLs.

Yep, off water, but with nearby water access and view seems to be the same ROI considering the cost of the property. 

A CPA who specializes in partnership issues can also likely talk through these issues with you.3) Depending on the size of the deal - Keep It Simple - the number of really complex agreements that come across my desk for a $500k property is crazy, and it ends up costing as much to do those tax returns as a comparable $5m deal

What happens if you buy the SFH and hate renting it by the room but the cost to maintain is too much by yourself.

There is so much free and low-cost information out there.

If comps are scarce, you might also consider the replacement cost approach, looking at what it would take to rebuild and adjusting based on market conditions.

CA maybe as high with their EIR requirements that cost 250k to 500k just for the EIR reports.

Purchase properties at a discount that need renovation work to then sell at a higher price profiting at least 15%+ cash on cash returns of all in costs each deal.What is the outcome?

My money market funds are dedicated to go towards a down payment, closing costs, etc.