The truth is, the recent temporary extension of the payroll tax cut is being funded by a "small fee" tacked onto governemnt backed mortgages (30 years of extra fees for homebuyers from now on [and probably forever] to pay for a temporary - 6 months - payroll tax cut).

On a $30K investment (actually higher with your closing costs), you're looking at about 8.7% cash on cash return.Now, if you manage it yourself and handle minor maintenance you can earn a pretty good chunk of that "50%" for yourself.

If they can't then they can cough up the extra dough to buy the property.

For instance, lease a large property near a campus for the son/daughter, then sublease the extra rooms.

I could incorprate these changes into the side to be renovated, but retrofitting them into the already completed side would be more difficult.I am looking to hear anyone's experience as to what the cost of a sprinkler sytem/ alarm system might be and if there are other incremental costs or regulations that should be anticipated that I haven't thought of.For the extra $500 per month income and some decrease in insurance costs, I am motivated to do this, but the regulatory hassels are less as a two unit.What do you think?

When I say 50% equity, I mean that at the end of the day, they earn exactly as much as you do in terms of profits/dividends/salary.

Do you really want to spend that "bullit" on your first property, or, for example, would you rather use it later on when you have higher earnings and are looking at homes in the 400K range?

They could be the same entity/person or at least know each other.In total $3.4 million of liens were sold in 2010 and $4.0 million were sold in 2011.This is what happens when a tax lien geek has a few extra minutes to look at spreadsheets of past results...Jerry

This assumes Cheryl could find unlimited deals like this in her market and keep her money deployed on the same basis 100% of the time.For example, say a person has 500k in the bank earning a sub-2% return.

It's my understanding that we will need to file a partnership return and he'll also need to file a 1040-NR that will require quarterly filings on his RE earnings since he is a non-resident alien filer.