Eventually I will rent it out after a few years.

He eventually had to walk from it....

I eventually bought it for $7k.

There are still lawsuits in the work (it was a pre-construction development that the developer bounced on) so who knows, maybe I'll recoup some of it eventually but if not, still worth it.I have always been known to do everything backwards....start with harder things and then go more for normal stuff.I have always bought turnkeys personally because I want to be as hands-off as possible.

Being new means there is a place for a mentor or coach these can be very good relationships and they can lead new folks into trouble, being taken advantage of and eventually running them out of the business.

In her typical-business-sense fashion my former bride eventually sold the house I had paid $90K for - for $65K and did who-knows-what with the proceeds.Oh; and I substantially revised my standard lease agreement.

Eventually had to go back into cubicle world for a few more years while I got the investing stuff going on the side.

@J Scott I do feel if someone brings a service to the partnership that will eventually be required or would greatly benefit the business, then yes I do think they should be compensated.

Their time horizon is long, so they will eventually.

Eventually you might need or want a property manager, as it can expose you to more deals in more areas.