Just be careful or just don't do it to eliminate this risk.As for the money with your parents, if they haven't said "yes you can borrow that when you need to replace the plumbing in two of your units", then I wouldn't count on it.

I had to have my brother consign with me to be able to get the loan and had to borrow money for the down payment.

Hi @Jerry,  In our current conventional mortgage, we have myself as the borrower and my wife as the co-borrower.  

A property manager who also owns their own inventory would be my choice, and most would probably be delighted to guide you through the acquisition process, if they scored the management contract at the end of the day.

(I am not interested in just borrowing the funds for various reasons; mainly because I have this uncomfortable feeling of owing a friend this much money...even if I know it's somewhat secured in a property)Is 50/50 split ownership fair?

Just picked up my third house in an all-cash deal, and I still have my personal loan LoC to use for something else.As long as the borrower has the requisite willpower, I think it's a good route to finance your REI dreams.Congratulations, Tony. 

It's housing/food/travel that everyone borrows for, and the cost is usually more than a UC or Cal State tuition.  

I would say quick books is definitely not the best choice if you're trying to integrate in accounting with property management.

This essentially lets you and the borrower set terms that are agreeable for both parties.

Here are some answers based on what we've learned so far but keep in mind that you should check this out with a pro :)First of all, with $10k in saving and using the full 6% seller's financing, I would say that it will be hard to borrow more than $100k for purchase plus repair (we just went through those numbers for a similar project).1.