I understand that there won't be any cashflow but the loan paydown and appreciation over time hopefully offsets not having cashflow.Legal and Financial Advice:Do you have any recommendations for legal or financial considerations we should take into account when formalizing this co-ownership agreement?

It needs to be downslope from your house and a good distance (10 yards in my estimation but check your local codes).

In Philadelphia I would check with the seller or agent if they have a lease, if they do a standard eviction can take anywhere from 3-6 months to go through the great court system we have.

Check connections, make sure everything is still attached correctly, but it should be a very, very cheap fix.

Most tenants appreciate I upkeep my places and I am friendly with them but do hold them accountable when it comes to a tenant following the rules of the lease.

@Marissa SladeIn terms of areas to check out in Cleveland, I would take a look at areas on the West Side of Cleveland like West Blvd, Cudell, Old Brooklyn, Clark Fulton, Edgewater, Jefferson, and Brooklyn Centre.

My other concern with leasing is that by the time the lease is done, i will be beginning my first busy season as an accountant while studying for the CPA.

To run the background check, credit, etc. do I just need an id?

You came to the best possible place to grow your network and knowledge base before your first property.I'd recommend checking out local meetups, BP webinars, and BP books.

@Kenneth Germann check out Rentcast.