I also learned that if you're going to play in Class C, you must STEAL property. 

Junkies broke in to steal all of the copper wires.

If you're concerned about him stealing money from you, you shouldn't be considering a partnership.  

@Ashley White Campbell my property management group got me a reasonable rate ( less than half my first quote) for nearly identical coverage.

I initially thought the worst (identity theft), but highly doubt that to be the case.

I'm sure in 20 years, these prices will look like steals, but today they are tougher to swallow.

That’s a loss of $480 from income, making this strike instead of a steal.

So for them, they have no interest in taking money from someone who can't afford it.Clearly this is all speculation and I could be completely wrong, but I see this making it easier for illegitimate syndicators, fund operators, and money raisers, to steal from the unaccredited crowd.

That is a deal or steal vs comps in the area you are buying vs simply buying because you want to buy or because the price looks affordable!!

Maybe arrange your financing ahead of time for a second deal and put 30% down on another identical deal. you’ll still have half a million left for reserves or a third I dentical deal if you have other reserves.