@Thomas Franklin I feel that the majority of that knowledge will come with finally sticking my neck out there and making  moves.

Hi guys,my name is Ed from Anderson SC and after yrs of procrastination I'm finally stepping out on faith and getting in the game.

Once you get all of your data together, present an offer based on those numbers and be willing to share that information so they understand the lower offer.

Finally, you are the only person that can determine the level of risk you can take.

We are finally getting our business computerized and are running into a glitch.  

This data, or lack thereof, will tell you a lot about both parties. 

I think the important things to be aware of are just the different areas of wherever you are investing, who can help you keep your eye on the property (PM, Contractor, agent, local partner, etc), and to verify the numbers that anyone gives you with impartial data. 

scenarios to form up your final Operating agreement.Good Examples of "What IF" scenarios:What if you get hit by a bus? 

Depends on where you obtained the 800 owners data.

My tenant owes me  several  months of rent, FINALLY he  has stated he have moved but did not leave keys and have left a lot of personal property.