Atty:   The mortgage would be unable to encumber the 30% interest because you will not be the legal owner of the 30% thereby you are unable to encumber the 30% of the interest.

@Alexander Robert Wondoloski I think you'd find this book very helpful for evaluating potential properties.https://store.biggerpockets.com/products/real-estate-by-the-...

If you used that $100k to buy with hard money, you could find a value add deal and potentially move into a higher priced property or even a duplex.

Do not rely on it for legal advice.

When deciding whether to sell the rental property or buy out your partners, consider factors such as the current market value of the property, any outstanding mortgage or debts on the property, the potential for appreciation in the future, and the rental income generated by the property.Calculate the amount you would need to buy out your partners and compare it to the potential profit you could make by selling the property.

The property sits on 0.37 acres and has lots of potential. 

Hi everyone,So here is the deal.Started a PM company 10+ years ago as a subsidiary of our turnkey company (IMO it's a tough gig selling turnkey if you don't also manage in-house)Hated the PM business for a good 5 years or so.Then one day I woke up and smelt the roses and realized that PM is not so bad after all.That of-course came at a time when things actually started to work and we actually started to "work" the systems just as they should be worked lolWe have reached a point now where it's a pretty well oiled machine other than the minor $#@% that we fix on a daily basis.The business motto is systemize, optimize and monetize which is a work in progress but chugging along.I'm confident that with the operation as it is today we are at a point where we can start to significantly scale.Organic leads are flowing in nicely and we grow at between 10-15 units per month or so.My questions are:1) How do we potentially find other "mom and pop" shops what want out of the business and we purchase to take over?

I need to prepare for tax filing and potential audits, but I'm unsure if receipts for every expense are necessary.I had an incident where the PM mentioned a referral fee of $350 for a tenant, but the bill showed $400.

House hacking a duplex or fourplex can be a fantastic way to start building wealth through real estate while minimizing your housing expenses.To invest in real estate, define your investment goals, research potential markets, network with local investors, analyze properties, consider financing options, and perform due diligence.

I recommend that you work with a tax strategist that specializes in real estate taxation to learn how to legally reduce your tax liabilities.