Hey @Andrew Graham,I would ask your relator to help you with your numbers you use for vacancy in the area, maintenance can vary by house depending on what items that need upkeep, the year the house was built and so on.

They are seriously overpriced for the condition and need alot of maintenance.

I use TurboTenant to manage my tenant engagement (leases, payments, maintenance, etc).I use Stessa to manage my overall Investment Assets.I have vendor/contractor contacts all stuck in my iPhone and interspersed with my personal contacts.  

I am expecting some higher than standard maintenance costs initially.      

Owning the mobile homes can be a nightmare and renting them out would likely bring you a world of maintenance and tenant and eviction hassles you would never want.

I would definitely want to keep my rental in the state I live in but it sounds like you don't have the income to cover any vacancy, unforeseen maintenance etc. 

Both of us would be in the title and also would pay for the mortgage, maintenance, etc.The money after expenses would be divided 50/50 between us.Is this possible in terms of financing, legal point of view?

My brother, though mostly irresponsible, is very handy and do a large amount of the general repairs and maintenance that will be needed on our investments at a fraction of the cost.

My brother, though mostly irresponsible, is very handy and do a large amount of the general repairs and maintenance that will be needed on our investments at a fraction of the cost.

Flour Mill and Kathleen St are areas to avoid due to low income and high maintenance tenants.