This also protects you from dying trees, etc, and tenant is responsible for keeping it healthy/nice.Good luck!

I was looking to partner up for my first deal or two in order to gain expertise aswell as have an experienced investor bring funding to the table.Please feel free to reach out and at least inquire!

A real estate syndication is when a group of people pool their funds and expertise together to invest in a real estate asset together.

Hi BP, A little back story on my situation. My friends aunt passed and her family is now going through probate. They will everntually have to sell the home. they offered me the home for 500k and on market would be abo...

Hard money lenders are used to private loans, have vetted paperwork, and can evaluate the property, your lender, and you to make sure this deal makes sense for all and that everyone is adequately protected.

My idea was going to be to add a partition wall to split the garage so each tenant had the own side as well as added privacy / protection.

Most people setup an LLC for this for the added level of liability protection. 

I have tenants that I could give max allowed rent increase and they would still be below market rent and it is not easy to catch back up with the market rent.The rent increase you are considering (3% to 5%) should occur to protect your investment. 

Do you think your unlicenced, uninsured, amateur would have paid rent when the units could not be rented as an STR.Your "tenant", the person arbitraging, during COVID could potentially not pay claiming COVID impact (and they would not be lying as COVID reduced their STR income) and could potentially be protected from COVID anti-eviction moratoriums.Our market recently passed a STR quota. 

Nothing will ever go quite as planned and your deal needs to protect for some contingencies.