Preferably 20 units or more.

Hello everyone,I am looking to return to my homes state of TX soon and am looking to purchase my first rental property, preferably a multifamily. 

I have some cash saved up, but I would prefer to keep most of that cash as a contingency for the rehab.

@Andy Brown most small local banks will prefer that you keep your operating accounts with them.

They sent some welcome materials including some preferred and paid business listings.

offer him a preferred interest payment for using his money.......on the net....then split it 50/50.so if he put up 100K.....you net 100K....lets say you offered him 10% on his money......after his initial investment was given....he would be owed 10K out of that 100k Net.....then it would leave 90K.....yaw would then split the 90k 50/50.......so in the end he would have 55k.....and you would have 45k.......because you offered him 10% interest on his money

Tenants definitely prefer sub meters but they come with a cost to the owner. 

This is widely recognized as the best thing to do from a diversification viewpoint.While many people love the potential capital gains of the stock market, some prefer to invest in real estate only because they want or need income.

Maybe for one full day so I can see what day-to-day responsibilities look like, but preferably a long-term mentorship we can mutually benefit from.

Based on the preferences, I would have done the following -1.