Over time, I’ve learned what works and what doesn’t as markets change.Some common challenges with older properties include:Renovation costs that reduce overall returnsUnexpected maintenance that impacts predictabilityLonger vacancies that slow returnsTakeaway: Real estate isn’t one-size-fits-all.

We had fitness classes for 25 of the 27 years we've been in business And the fitness business is an even tougher racket than martial arts 🤣I'd love to connect on fb if you use it. 

And I would split the profits however you see fit, 50/05 is fine, but I would have one LLC have 51% ownership of the Joint Venture Agreement so that person can make decisions in the event you two can't agree on solving a particular problem.

We are have boutique property management company would be happy to share more about how we do and See if we might be a good fit for your property. 

New construction can be a great fit for someone who travels and values low-maintenance, especially if you're focused on buy-and-hold.

@Ryan Behm we have a few lending options based on your scenario that I think would be a fit.

Just make sure the discount fits your numbers. 

I've tried QB (admittedly, didn't try for long) and it didn't seem to be a good fit.

Depending on what part of SE, you can find some good properties that fit your bill but it would be a longer term hold than a quick cash flow turn around. 

What is everyone's thought on using a Private lender and where to start looking for a private lender to talk to and see if that would be a good fit for you?