Then you own the LLC and can transfer the property into it.If you transfer the property into that LLC the way it is then technically you just gave your friend ownership of the house proportional to his ownership of the LLC.I'm not an attorney, so take that with a grain of salt.

Each or you would need to pay a proportional amount of the expenses and would split the profits. 

Risk and reward are not inversely proportional - no one gets more reward for less risk, and just about everyone understands this internally because everyone would do it if not the case - but the LPs wanted to believe they were smarter than the next guy, or knew someone smarter than the next guy.

MAke sure whatever list you buy that you know 1) when the cases/documents were filed (how new they are)2)Where you/seller got the list from (if its propstream, propwire, propshark etc you will be competing with thousands of others for a small proportion of old leads compared to county/court records)3) target preforeclosure and in the foreclosure process to get the deepest discounts compared to auctions

Always remember that return is directly proportional to risk.

One-story vs. two-story depends on your target tenants—single-story can be more accessible for seniors, while two-story may allow for a more compact footprint and larger yard space.For layout, open-concept designs with 2-3 bed, 2 bath units tend to attract long-term renters.

As property values increase (through appreciation) and the equity grows, the ROE declines unless cash flow increases proportionally.

I work at a university and while there are some really good students, the proportion of those who want to work and think for themselves has gone down over the last 10 years.

The only thing that is going to save me from this turning into a cost-destructive arrangement is if the fair value National Grid pays for electricity proportionally increases as they raise their electricity costs.Solar companies can put various liens on your property.

Even if the home is in the correct 'zone' there could be density or saturation requirements (proportion of active vacation rentals operating in the immediate area) water source restrictions, property type limitations, septic, health or environmental inspections, or parking, landscaping and occupancy rules that can only be verified directly with the municipality responsible for license or permit issuance.