Seller gets to enjoy their retirement.We get to continue our daily routine as usual, no moving, no nothing.Next is to utilize the equity as a down payment for the next MFH property, hopefully merge another equity partner together to expand the opportunity for my next deal.

Hi BP—Since this is my first time doing a partnership, I need some advice on how to fairly structure the split....I'm coming in with 100% of the required funds for down payment, rehab, and mortgage from my SD IRA and my partner is bringing the deal, his network of contractors and property managers, and his own time and labor to help with rehab basics. 

However, I'd never even consider putting them in any of my rentals.That's a very strong statement!

But I am looking at multi families in that area and the ROI does not look to be that strong. 

@Tim ThorpeYou can look for a partner, it depends on what specifically you are looking for in the deal. 

I invest OOS and, full disclosure, have also started partnering with a TK company since I trusted them so much.

Am I able to utilize my partners income as we plan to invest together?

Kansas City can be a great cash flow market and for the last few years has been seeing strong appreciation too.

Negotiated it by having a strong offer to set us apart.

I also have an offer from a friend to partner up where he puts 100 percent of the money in and I do the work.