I think they serve some good purposes, but if you're sourcing capital for a certain type of deal you'll probably be better-served procuring capital once the deal is tied up ideally.

I never see them anywhere in the USA, but they seem like an ideal solution.

A movie about a crooked REO agent and evictions in florida.

Exceptions to this would include scenarios where the investors are willing to work you through mistakes (i.e. they aren't Uncle Joe, they are seasoned investors that will walk you through difficult projects) and scenarios where the truly great deal is simply out of your reach alone.But, for most people, I bet that getting started small, on your own, with 100% ownership is probably ideal. 

i would imagine shes all in at 308k. im a noob too... but if i had that option id do it. assuming its a good hood and you can get that rented.48k income. 24k NOIwith 20 down.. your in at about 70k with closing. 24/70 = 34% CoC ... not bad if you can keep that ideal situation. :)

Both of them are walking distance, so I can put some things onto the 2nd one that don't fit onto the first one, like ping pong table and monthly potluck and movie night or whatever. 

Just trying to make sure we get the partnership thought that would ideally work best for you. 

If you want to fix it for good, ideally, you would remove interior wall surface, insulate and seal up well, put NEW wall surface on, being sure that it's air tight. 

I wouldn't recommend that to you, but you are ideally suited for buy and hold for sure!  

Steady cash flow and investing would be ideal at first.