What's most important is that you do your diligence on the property to ensure you are not overpaying. 

Preferably you want to use an agent where they are paid by the tenant, but more than likely you would have to pay one if you choose to use one.If you do not use one, just be very mindful of fair housing laws which are a huge issue in your market.

We are fairly new to investing and we are currently working on wholesale deals.

Large private water companies (those with revenues of at least $250,000) are regulated by the Public Service Commission (PSC) and subject to the Home Energy Fair Practices Act (HEFPA).

at the right price, could be good but if its a weak market, 200k might be a fair deal.  

I agree with the principles in the post, but I think the content is fairly generic and "fluff"y. 

if so, then 50/50 sounds fair, but if she is finding the deal and funding, then you are probably going to need to ask for a smaller piece of the pie. maybe 30/70.

We were fairly successful with it, but its a lot of work. 

.); Roth IRA funds are not subject to requirement minimum distributions (RMDs); The fair market value (FMV) of assets held in a self-directed IRA is reported on form 5498; The fair market value of assets held in a solo 401k are reported on Form 5500-EZ; At termination, the solo 401k is required to file a final Form 5500-EZ and 1099-R; and At termination, the self-directed IRA is only required to file a form 1099-R

Is this a fair arrangement?