I can see a case for office investing if you get a deal that's just too good to pass up, but overall I do not see offices as a general necessity. 

1) Yes, property management is a necessity if you want to scale your business.2) Every partnership is different, on this deal both partners put up 50% of the capital for 50% of the equity.

@Ryan Hazelwood I'm 36, I bought my first (and only) townhome back in 2011 and have been house hacking ever since (mainly out of necessity because I didn't think I could/didn't want to cover the whole mortgage back then. 

If the deal is on the MLS you can contact the listing agent directly and there won't be any fees on your end, likewise with a Buyer's agent you don't pay them a commission, the seller does (if listed on the MLS)An agent is not a necessity, but it is highly recommended. - A good agent will draft up a contract to protect your best interest, identify negatives and positives about a property, or even recommend not buying a home because of certain red flags. 

Because they are the necessities for life, nothing else comes without these meet. 

This is a freebee for subscribers to The Allen Letter which many community owners consider an absolute necessity.

New roofs is a necessity if leaking and tenants do not pay more rent for that like amenities.

The reason Los Angeles originally became the hub of the TV and film industry in the first place is because of the natural lighting (sunshine most of the year) which was a necessity at the time and because of the nearby environments which allowed all kinds of scenery to be filmed within a few hours of the city.need a beach scene?

He was under the opinion that in a recession folks would think storage is a luxury not a necessity..

But that is not representative of necessity and can be easily mitigated by going with a TK company that is NOT the PM company, as I have done.