It's a great business!

Partner Driven financed the S Vernon Rd deal using its own capital, covering the $116,000 purchase price and $19,500 in renovation costs.

Clear separation helps demonstrate that rental properties are business activities.Bookkeeping Accuracy: It’s easier to reconcile and categorize expenses when they’re all in one place, reducing the chance of missing deductible expenses.Professionalism: Separate accounts show a more professional approach to managing rental properties, which can be beneficial if you seek financing or partnerships.2.

Your DTI will get maximized and you'll be short capex & reserves when the cost of capital is going to be higher the next 10 years than the previous 10. 

I actually just spoke to them today and they have all the support and lower cost.

After the construction is over there will be no loan, just cash flow, which would results appx. in 10% after all other costs deducted.

Partner Driven financed the Rue Montaigne deal using its own capital, covering the $195,000 purchase price and $30,000 in renovation costs.

I self financed it until I had to take on some loans due to delays and cost overruns (ever heard of such a thing???).

@Seo Hui Han you're not going to get very far in this business if you don't start thinking through the nuts & bolts of how this all works! 

Therefore, I am interested in buying him out, but before I do I want to understand if it helps me or hurts me in my investment journey.I would be buying 60 acres for $260,000 and it would cost me $60,000 for the down payment and closing costs.