Let me also mention that all parties involved understand the risks.

I have only ever acquired rental real estate (have done some flips but those never involved a PM at sale).

Each municipality (24 plus unincorporated areas) has their own rules, and if there is a managed community involved (condo, HOA, etc), that's another layer of complexity.STR with 30 Day minimums aren't unusual, and the snowbirds will happily pay for extended stays.

If things do work out and my partner is involved in building the business/assets how would you go about it?

My husband approves of this venture, but has no interest in being involved himself and would not want his name on any of the paperwork.My question is: would a lender use the full amount of my current mortgage in calculating my debt-to-income ratio, or would they say that I am only responsible for half of it, since my husband's income also goes towards that loan?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I was just wondering ,at the age of 18 what are some things that you can get involved in real estate?

But if anyone is willing can you drop some personal stories involving it.

Curious to see if anyone has been through this and what the best way is to approach this process, steps involved & what risks to consider.Thanks so much!!

Would love to connect with anyone involved in this and in our area.