Not all investment properties fall into the same category of management needs and requirements, A 96 unit portfolio with an average property valuation of $21,000 is nowhere near the standard RE portfolio of properties, this is a portfolio that falls into the specialized property sector and will require a specialized REI skillset to succeed in this sector.There are a few questions for the owner that may help mitigate your risk depending on his answers.1) How much time is he contributing to the business?

However, upon learning that a 401k can be used for real estate investments the appeal of 401k contributions is greatly enhanced, to many.Another factor to consider, which is not emphasized by tax preparers, is the potential to make Roth 401k contributions.

As long as both partners are clear about what they are bringing to the deal and how their contributions are to be valued, then it should be fine.

I guess that's where I need to save the extra cash flow I'm estimating for myself and make sure the numbers work to where if I save that and combine it with the equity that's paid down I could contribute enough to buy the partner out of their original investment?

They have a very low post count, and contribute very little to the forum besides commenting on posts where someone is looking for an agent.I have written a blog post that may help you sort through the agents in your area.

Thanks to all who contribute to the site and I look forward to chatting with you all now that I’ve entered the posting world.

So unfortunately I have almost nothing to contribute to this.

My contribution...I'm bringing the deal (the opportunity) to him, I have the concept with tons of pics of the type of product that we would build out (RV sties and cabins), I've done all the due diligence, and will do all the work getting it improved, etc. 

However, it would seem extreme if you couldnt even allow your elderly mother to live in your home and contribute to the finances.  

I'm very keen on the notion of being able to recoup my capital through forced appreciation by increasing the NOI of a commercial MF property, the value of which is based on the income it generates rather than solely on market comparables.To your point about the single family homes - namely subject-to properties - I do not have much familiarity with those to comment one way or another, but certainly not averse to learning more.