Let your money grow tax free.Establish a personal emergency fund as well (equal to at least 6 months of expenses, 8 months by Suze Orman standards, or 10 months by my standards).While you are doing all you can to establish a solid financial foundation, keep reading and talking to successful investors to learn the business.

Absent duress and Equal Housing Laws, a property owner is free to sell their asset to anyone who willing and capable of buying.There are other factors why I may decide to sell to one buyer vs. another.

Well, 36 divided by 12 equals 3, so this is a 3 ton unit.

Southeast I belief is near aramid go and yes that is more of a developed area full of nice bars and hipsters.

I am offering an equal split in the profits.

An I mistaken in thi belief?

If you all have equal access in the home and utilities would be split 3 ways then just provide each roommate a copy of each utility bill each month and tell them to pay you their 1/3 share within a couple days.

You also want to make sure that you prove your willingness and desire to be a benefit to them as well, share with them your plans for yours and their real estate success.Howie"Our success begins with our thoughts of creating a successful life, our mindset and our belief in our own success is the most powerful tool we have"....Me

I'm with Aaron on this one.Assuming everything is equal, 3 properly leveraged properties will out earn 1 thats paid off.You get 3 streams of income, resulting in 3 sets of cash flow, 3 sets of depreciation, 3 mortgages being reduced and the security of 3 cash flowing properties to cover vacancies for each other when they come up.

Plus you need to get in and make repairs.I also recommend First, Last AND Security deposit equal to 1 month's rent up front for all tenants.