It was broke down like this:xxxxx1: “O” Checking = Rent in, Bills/Expenses Out; xxxxx1: “A” Savings = Reserve funding in, CapEx out;xxxxx1: “S” Savings with limited withdrawals = Deposits Held;xxxxx1: “M” Mortgage loan accountxxxxx2: “O” Checking = Rent in, Bills/Expenses Out; xxxxx2: “A” Savings = Reserve funding in, CapEx out;xxxxx2: “S” Savings with limited withdrawals = Deposits Held;xxxxx2: “M” Mortgage loan accountAnd so onThis was fine up to a point, then it got way to convoluted keeping track of everything.

They're small enough to manage with little experience (so the stakes are relatively low), but you also get to experience the power and fun of real estate.

This protects you when one moves out and the other tries to pay you half rent or something.In this scenario,  you have no power to do anything.  

Wonder if it limits the secondary buyer's ability to resell the loans though. 

I'd have to run power, water and sewer to the camper if I were to do it right but I'd immediately save the $110 a month on storage fees and  could easily go back and forth between my house and camper when I have people staying. 

In Japan, they have Karoshi:http://uk.businessinsider.com/what-is-karoshi-japa...There is a limit.

But there is a limit to how much you can exclude from ordinary income.

The purchase price will be 160k and the homes renovated value is between 210-220k. (4bd 2.5ba on 5 acres inside city limits)My question is, should i do minimum repairs and rent the home out for around 1500mo (pay the morgage) or flip the home.

create a power point with what you're looking to do and let them know that you could split the deal with you doing all the work, but them sharing the benefits with a 50% investment. 

Besides my secular job I am a also the Pastor of the Truth Church in Edgerton, KS.I have a limited background in real estate investing but I have bought 3 single family homes in my life and one of those I had a renter for a couple years before selling for a profit.