I like the idea of "paying" ourselves for the work completed then splitting the final profits. 

I have been studying and preparing for some time and am finally ready to begin investing in real estate.

I have only read the forums for years..... and I finally have a questionI have recently purchased a multi-family with value-add.

One final note about doing your research: try looking at properties that were listed for sale in the past year or two, but never sold.

I hear the same story over and over from hundreds of investors, all finally tired of doing it themselves and asking for help.Let me know if this story sounds familiar...

I have a property.1) lease was originally for a couple (man and woman)2) in May 2020, man took himself out of the lease (because woman was in an abusive relationship so she states and failed a restraining order against the man so man moved out)3) Woman took advantage of eviction moratorium and refused to pay me anything for 10 months onwards4) Woman no longer lives on my property at end of Jan 2021 because I finally managed to evict her end of Jan 20215) Now, I've been communicating with her and trying to get her to complete Covid Rental Assistance programs so I can recover the 10 months back rent without having to go through small claims court6) So far, I've been rejected in two programs (one of the program states that woman didn't provide enough proof / evidence)7) So right now, I'm looking into pursuing woman in small claims court in November8) She argues she has no money or anything and is living in a safe house and to protect her from her abuser, and that she's also homeless9) She states "I have no assets, no savings, and no income.

And on and on till it hit $40 million, they said enough is enough and no more.Unfortunately, they had several big customers in that situation already and finally had $150 million bad debts on the books.

Finally there is the dollar per sqft method, which is my favorite.

Finally, in situations like this, where Bob is taking the loan solely, is a common selling point to Bob the ability to do the same thing as I mentioned before with taxes in order to offset his DTI based upon the income the property produces?

This is what info I have from the promissory note:Principal: $750,000Beg Date: 09/14/2021Interest Calculation Method: 365/360 basisInterest rate: 3.650%Final Payment due on September 14, 2051When I plug info into the online amortization schedule, the payment comes out to be $3,453.28, $2,2281.25 (interest), and  $1,172.03(principal)However the email I have from the bank has the information below:Summary of Account Current Balance: $750,000.00 Interest Rate: 3.6500% YTD Interest Paid: 0 Maturity Date: 9/14/51 Payment Information Current Principal Due: $1,627.26 Current Interest Due: $1,825.00 TOTAL DUE: $3,452.26 Payment Due Date: 10/14/21Thanks,