@Steven Butala@Doug Thompson@Michael LeeCha Yang

After listening to Leon Yang's podcast, I realized that I need to start researching the history of my Houston market since I have only lived here for a couple years.

.______________________________________________ The upfront agreementIn order for the upfront agreement to work, you need to frame it as a very fair, 2 way business agreement.Here is a possible exchange…After the walk through, you’re sitting at the kitchen table, looking at both mom and dad the sellers.I fold my hands and I looked very solemn, I try to give them is kind of an expression is possible, as sincere as possible, I have my legal pad, a pen, and a blank letter of intent in front of me.I also have a folder of comps and rental information on the subject property.So here’s the upfront agreement…Investor: “So Bob and Susan thanks for the walk through, I just wanted to talk about how I’d like to see our business relationship work.My job is to look at the property, look at all the financial information, then make a decision, on the spot.To keep coming back over and over thinking about possible deals is not what I do.What I do isif the location is right,the condition of the property is right,the layout of the property is right,the existing financing payments are right, andthe attitude of the sellers are right,then my job is to put together the deal structure that works for me,and I basically give the project the green light.Not a yellow light or a red light, but green light,the analogy here is that we go forward and get the paperwork done tonight.To keep coming back is not a good business plan, takes up too much time and nothing gets done.

We are each other's ying and yang on paper.

The yin-yang in seasoned vs newb -- when you're dealing with someone that's seasoned you tend to get laxed and not check certain things out because you know(suspect) that they know better(more trusting relationship).

@Wei Jie Yang Yes, I've got all of the above for the Central Iowa area. large and small cities!

@Wei Jie Yang There's no one right way to do a partnership.

What is it that makes you the ying to someone yang?

If you've ever watched Silicon Valley, it's like Jin Yang's "Hotdog" app.

@Yang ZhaoI always recommend RentWell.