Now you need to sit down and take the time to learn all your state landlord tenant regulations so that in the future you do not make any more mistakes when dealing with tenant issues.

One firm just bought up all of Chamberlayne Ave.  

I have had to sign this when we purchased a property from the same firm that my agent works at.

Even just entering the listings or vacancies might get you very conversant in the local market.Then you could also make some key contacts, learn the process, and maybe even find your first deal (a client may be willing to owner finance a rental, for example).If you are handy, you might try and work with a firm that does apartment turnovers (make ready) or even as a laborer for a remodeling contractor (especially one that does flip work for others or on their own)--to get the full hands on view of how to get apartments ready to rent or flips ready to sell.Maybe the best hands on way to work in the space is to buy your first rental; maybe your first or next home could be a duplex or single family with an accessory apt.Best of Luck.

You want a real estate investor friendly firm because they will have the templates already created and they will know all the problems that come up that you need to have outlines so you can avoid them.

But in the case the bank approves your deal, they would roll the rehab costs into the mortgage amount, and required down payment/interest would be based on the entire amount.You would probably have a better shot at getting property loan+rehab funds from a smaller bank or local credit union, since most of them are not tied into Freddie/Fannie Mae loans(Government sponsored, with stricter rules/regulations).

Couple things you get from these 2 questions 1 do they have enough staff to properly manage their properties and too if the firm has 80 properties and 40 are from one owner who do you think will get the most attention?

AND A LAWYER FIRM THAT CAN HANDLE THIS.

They probably won't have much good to say, and then you'd feel like you've made the wrong choice even though the vacuum you purchased is good for the job.My alternative suggestion would be to talk to local building regulators / inspectors, and see if the roof replacement would need a permit, and an inspection.

If your 'silent partners' have 1. invested money 2. been given a promise or an expectation for a return 3. are relying wholly on someone else’s efforts in the business (i.e. you)... then the SEC considers them investors and this is going to be regulated by securities law.As to how to structure it, if you're going to be finding the deal and managing everything then you can do something as simple as provide yourself 20% of the deal.