Hello all,I am trying to determine what I can contribute to a potential joint venture involving myself, another investor, and a builder.

The power of networking was put on full display as one of the biggest takeaways from the event was showing that your potential is unlimited with the right team and goals in mind.

If not, this could impose additional cost on your budget.

Can it still qualify for 100% cost segregation?

We’ve seen some properties in our vicinity priced as low as $40,000 and are trying to evaluate their potential as good investments.

Age of construction may not be a huge issue if it has good bones and can benefit from a fairly cost efficient "In & Out" remodel.What is stopping you down payment?

Yes, it will cost some money or equity but it is much easier to have someone guide you down a path then it is to go at it with a blind fold on.

These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.

My potential partner and I have agreed to split everything 50/50 and I was thinking of holding all holding/cash to close funds in escrow and run it through my LLC, but would be interested to hear how any of you structured it in a way that protected yourself in the event that one partner turns out to be problematic. 

If you're going to flip, it could work, but you would need to analyze the properly for that approach -- which would included getting detailed and accurate estimate on repair costs.