Also, at least here, it would depend on how they were built-for separate fee simple units, they would have to have separate utilities, not crossing the common property line, otherwise they would have to be condominium ownership if divided.

If frost gets into the ground under a structure especially under a point load it can wreak havoc on the "line of a building".

The smaller developers have taken to purchasing smaller city lots that can be short platted or lot line adjusted and building 1 and 2 homes or townhomes on the lots, we call this infilling.

Lots of ways to do it depending on how much you trust the guy.If it were me Id get the operating agreement for the partnership lined out so expectations are set and open an LLC with 2 person ownership.Let him get the loan in his name, put the thing in a land trust with a third party trustee with fiduciary responsibility like a lawyer, then file a second security deed for whatever you put in.

@Paul Hector Along the lines of @Aaron Yates we do not offer snow removal for our SFHs, but we do provide snow removal for our MFHs.

You could drain the lines and fix the broken pipes.

Is there a way to make it show up as a line item on my P&L so I can quickly see what my cashfow is with or without it?

That number is a combination of cash on hand and open lines of credit; so it ranges based on how much I'm willing to leverage/use open lines of credit as cash.

Should be owner financed purchase, my money on the rehab, numbers in line (65%+/- less repairs) with low money costs on a $350k+ house.Back in the day I used to pull a lot off my newspaper ad, I imagine the web would be similar, but these days its pretty rare for the homeowner to have any equity around here, so the better deals are from banks, hedge funds, other investors, etc. so knowing people works better than letters and signs for me.

There is one section where he poses a hypothetical dialogue with a potential seller, and in the event that the seller asks who you are, the response is somewhere along the lines of, "we are a real estate investing company in (your town) and are looking for..."