Originally posted by @Logan Allec:@Chris Papa, if you're going to be investing with a partner, it's definitely money well spent to hire a good attorney to form your entity and draft your operating agreement or otherwise memorialize the economic arrangement between you and your partner.  

@Mathius Gazi Just stumbled upon this post and thought I'd offer my two cents for the New Haven market as someone currently living here. 

It looks like they just started and only have 3 properties posted right now.

If the opportunity arises later on, treat it like any other tenant situation and conduct proper screening procedures.Best of luck to you!

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Hi all,First time post!

I would love to see this happen. keep me posted please.

Do you have experience to properly budget the time and expenses that come along with a rehab3.

Jeff, I read your post like its the voice of reason.

keep us posted on anything in particular you need help with as you get going!