Read as much as you can about your type of investing.

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I was beating my head trying to figure out how to manage this but still come out profitable with no headache from as you menetioned the discount types.

Knowing the right wire type is a guessing game - now it's Cat 5, sometimes coax, sometimes dual coax.

1. office condo exchange to 2 separate properties (property could be different types) both our names on both properties2. office condo exchange to 2 separate properties one under my name and the other under his name.3. 1 of my property, 1 of his property, office condo exchange to one multifamily apartment - adjust by adding capital so we end up 50/50.4. 1 of my property, 1 of his property, office condo exchange to two multifamily apartment (one under his name and one under my name)I'm sure there a several minor details that needs to be worked out but we are just in the brainstorming stage.

She said that I can open another bank account for the rents/deposits/expenses or I can just keep track of the money in an Excel type spread sheet.

You can also look to the new e-broker type businesses.

Additionally, I'm reassured by those of you who suggest I can extract up to 80% equity as I'd read it was more likely to be 70%-75%, although that will likely differ based on property type.

Additionally, ask them how long they have been managing properties and what types of properties they've managed.  

I know why I'm here now though:1 - I have a series of financial goals to accomplish for my family2 - I enjoy REI.3 - I have a series of financial needs to accomplish in order to do a number of things outside of my family4 - REI is fun5 - I like the challenge and I like the problem solving6 - REI is a lot of fun7 - I like meeting other REI, I like helping other REI.8 - I grew to realize that if you know what you're doing, REI has the lowest risk with the highest return of any other type of investing9 - I like meeting other REI10 - I like helping other REI.