Age is not the right question to be asking in my opinion, knowledge, financial stability, and comfort level with a given strategy are far more important.I would love to get your thoughts on this and read your article when you're done.

I am in the 25% Fed tax bracketWill there be capital gain taxes at both Fed and state level?

I know there are smoke and CO detectors on the main floor, I don't think there is anything upstairs. 

@Roger Beaman Everyone has a different definition see below.I guess my point is the higher end the property and clientele the higher level of service that is expected and should be provided so that they renew their lease.

And last, you won't be able to co-mingle your personal funds into the property.Happy InvestingDerek Dombeck

I'm looking to get my Independent Broker's license here in Colorado.

Depending on the context of the parties' financial situations and intentions, there may be implications for financing, ownership, accounting, and taxes depending on whether you are co-borrowers or one of you takes out a loan and the other provides down payment or some other financial contribution.

We’ve had to take over a lot of crazy situations since we have so many turn key operators of varying levels of ethics in our market.

no problem its not real complicated you just don't know what you don't know until you experience it.you want your experience or knowledge to equal or exceed your buyer so you can best position yourself. for not in the business land owners selling to developers.for me the short to do list is1. first and foremost talk with your CPA and make sure they understand what your doing.. don't want to box yourself into a tax situation you don't care for.2. tight contract.. remember builder/developers by and large are sophisticated buyers.. so need to level the playing field.. this is not some wholesaler trying to snake a property.3. once figure out have a good RE attorney draft the contract don't use standard board of realtor or MLS forms.. it should be a custom contract in my mind..

Two together make about $4000 and the third is job searching and her parents are willing to co-sign.