Here's the situation:Purchase price: 2MRepairs: 90kARV: 2.5 to 2.7M (checks out)Profit: 250-350kI have lenders that will provide up to 85% leverage.

My thought was to offer her 4% or hourly rate with 4% max gross income  for Fielding calls (maintenance, emergencies, questions re policies, complaints, etc.)Inspecting units (bi annually, more in questionable situations)checking for leaks twice per year (part of inspection, putting blue tabs in toilet tanks, etc.)driveby's once per week (check for trash, exterior problems, etc.)We would do everything else.

Right now, your retirement plan most likely has minimal choices to invest in (some stock funds, bonds, ETFs if you are lucky) so you are rather limited in choosing an investment vehicle that will help you reach your goals.From first hand experience, I can tell you that getting a solo 401k was rather easy and I have checks that I write to pay for properties free and clear or to put a down payment if I want to get a loan.

There are a couple of ones that may check off the box for us more than others.

If not, then it's probably not a good fit.I'll check other posts here on BP for questions to ask a potential Realtor to determine if they have experience with Investment Properties.  

Go to MeetUp.com and check it out.

I spent 10 years preaching to my guys to put their overtime checks into real estate instead of into jet-skies and vacations.

You can collect applications but don't do the paid services like credit and background checks until you own the property. 

We will be adding more perks in the upcoming months so make sure to check your perks page periodically.I hope this provides as much value as we intend it too!

Met with area PM & reviewing fee structure, and wanted a "BP spotcheck" to see if these costs are reasonable.* Ongoing Maint Fee: 10% with min of $200/mo * Leases: new --> 1/2 of 1 months rent with min of $1,00...