I was a product manager at Santander Bank helping foreign buyers invest in U.S. properties.

Reason I'm asking is I am relatively new to REI and want to make sure I am not overstepping my bounds or being unreasonable by expecting the neighbor to assume the cost of repairs

It will allow you to get into a home for relatively little down that you can later turn into a rental.

Best case scenario: You buy in the off-market later this year when competition is at it's relative lowest, and then interest rates drop at some point in the next few years, and you can refinance. 

The goal is to replace 1 persons income, for now, and pricing on multifamily seems too high at the moment to be able to accomplish that without more money on hand.I've been in property management for around 4 years and my husband is with the same company in the renovations department.

Example setup:Person A is time & energy partner - no capital contributed, will be finding the deal and managing the property.

Any recommendation for a good preferably open source rental management software that primarily handles back end accounting? 

To fill a vacant mobile home park lot typically requires bringing in a home and selling it, while filling a vacant RV park lot simply means somebody pulls in their motorhome or travel trailer.Think of RV parks more like owning a restaurant (and the hands-on management that entails) while owning a mobile home park is more like owning a parking lot that rents spaces out monthly and is much more passive in management.Some people just prefer one business model over the other.

If something goes wrong and you lose that investment, you may be so over-leveraged that it impacts your primary home.I never recommend borrowing money (from equity, friends, or relatives) to borrow money through a mortgage.

They find, purchase, renovate, rent, manage and sell passive single-family homes in the Jacksonville metro.