@Anonymous_ wrote:
With "professionals" like that, taking advice from "strangers on the internet" may be the better option.
I would definitely want professional advice from someone who was not the person who proposed the deal.
For example, you could hire a property manager on a contract, and keep full ownership of the property. Do you gain something by making the agent a co-owner? (Possibly, if the agent is a stakeholder, they might do a better job than a contracted manager.) What are the drawbacks of having a co-owner?
Since you obviously don't need the capital right away, I would also think about how much income you get from investing 100% of the house value in the house as a rental; how much income you get from leaving 51% of the house value invested in the house and investing the other 49% someplace else; and how much income you could get from selling the house and investing 100% of the capital someplace else?
Real estate is a relatively "safe" investment, but its not diversified or liquid.
