Full sized washer and dryer on main floor and a pantry.

Full sized washer and dryer on main floor and a pantry.

This 3 Bedroom / 2.5 bath home comes with a series of upgrades including: distressed wood flooring, custom lighting, granite countertops throughout the house, custom paint, new dual pane windows and sliding door, custom tile work, built-in audio system in master bedroom and living room, stainless steel appliances, built-in wine fridge, washer / dryer, and so much more!

Who watches the common area for trash or handles a broken washer/dryer in the laundry room?

Assuming I did acquire this additional property personally and simply rented it out in the short term, what would be the best way to structure either a future sale or a combined development of both properties I would undertake myself in a few years?

After 5 years, I refreshed paint, bought a new washer and dryer and added a new AC unit.

Figure ~15% combined.

$400k is a lot of money to just get TIC and a handshake...I would insist on an LLC with an operating agreement if I was her. 

We purchased the home with a combination of a hard money, and then JV between my company and an investor partner I use for a lot of my deals to fund the purchase.

Right now, we have a combined income of about 200K and can save 3-4K a month.