I prefer Section 8 tenants to low income cash paying tenants but there is a damn good reason why many landlords won't put voucher holders in high end properties.

In this case, you would draft an operating agreement that specifies each partner's role—your friend providing the cash and you handling the rehab and management—and that profits and ownership are split evenly.

Definitely a chunk of change I don't want to pay, but having my cash back out to do another deal might be worth it... 

Your suggestion would be considered a negative cash flow investment.

Garbage in - garbage out.Be cautious with tax professionals who substitute AI for true research and analysis.

Purchase price: $294,500 Cash invested: $144,000 This was my first commercial MF and off market deal.

You will need to provide an explanation of the circumstances surrounding the BK every time you apply for credit, apply for a job, apply for a bank account, etc.Bottom line is if you’re working day labor type jobs for small companies and live on a cash basis it might not affect anything.  

I paid cash and roughly 25% of retail value. 

The rent-to-price ratio is a quick way to measure if a property might cash flow.

Acquiring in cash or with a fix and flip loan.