Well, 36 divided by 12 equals 3, so this is a 3 ton unit.

I am offering an equal split in the profits.

Get educated on the ins and outs, market studies, property management, and understanding operating costs and cap ex are of vital importance.You will have more opportunities for true cash flow outside of CA.

If you all have equal access in the home and utilities would be split 3 ways then just provide each roommate a copy of each utility bill each month and tell them to pay you their 1/3 share within a couple days.

I'm with Aaron on this one.Assuming everything is equal, 3 properly leveraged properties will out earn 1 thats paid off.You get 3 streams of income, resulting in 3 sets of cash flow, 3 sets of depreciation, 3 mortgages being reduced and the security of 3 cash flowing properties to cover vacancies for each other when they come up.

Plus you need to get in and make repairs.I also recommend First, Last AND Security deposit equal to 1 month's rent up front for all tenants.

Ownership is equal to portion of investment, so 50% each in your case.

Several of the biggest, and biggest advertisers are owned by the same people, and will give equally high quotes.

Checking out the actual property is also vital.

A good RE accountant and lawyer are vital to successfully starting in REI.