One of the best tips I ever heard: spend as little time as possible on things that don't produce income.

There are some projects that may focus directly on income producing properties with historical and expected regular cash flows and if you make investment here, you'll start getting returning distributions with in month following the consummation of your deal.

Not only is it a giant leap forward as an actual virtual tour (including a super nifty "dollhouse"-style rendering of the entire property that can be manipulated and viewed), but the photos it produces as a side effect are excellent.

I was definitely going to use a Property Manager for this one, and even with an 8% PM, and 7% interest rate, and all the other things, it's still producing really nice cash flow.

@Langdon Root,I know - it's a 3-unit, so it finances like residential.You should still consider it's ability to produce income when doing your valuations.From that perspective, you may be able to force some equity.I didn't run the numbers, but at first glance, the operating expenses seem a bit high if the gross income is $1800 and the CADS is only $400.

It wouldn't be fair for the other friend to be stuck paying those fees.Let me give you an example with some made-up numbers.Let's say your property produces 10,000 in rental income for the year.  

What are people using, besides Facebook, that is producing good networking?

This is actually fairly common, and arguably an ideal situation - you have the property producing income on day one, but also have the option of terminating or altering either month-to-month lease. 

Will it be income-producing?  

After a 2 day odyssey of trying to resize and upload the images here, I believe I have finally produced something that is viewable. ;)Hopefully this thread hasn't seasoned to the point where everybody is ignoring it.