Like many others, I am starting out with the stereotypical path: Have a Fiance, Bought a Personal Home (and a Cool Dog) then Life was fantastic! 

Then  there are always tenants who prefer cash, perhaps that is how they get paid.Identify the tenant stereotypes. 

The point of looking at the cap rate is to understand the level of income that the property generates in perpetuity (in theory) relative to the purchase price. 

Tons of things go into poverty, and many things come out of poverty: crime, homelessness, perpetuating poverty, etc.I'm wondering how many of you have attempted to do something in your buildings to help alleviate some sort of poverty?

Test the water before forming a perpetual entity.Bigger question though is why have a partnership? 

The trick is to get started and not get stuck in perpetual learning mode but at the same time not to fall into any high-risk or scam type situation  - lots of sharks out there ready to jump on novice investors.   

Like @Mike Cumbie mentions, they could ask for stuff in perpetuity.   

I have seen a huge increase in buyers who just go to Open Houses and don't think they need an agent until they need to make an offer and then don't understand why they have to rush.But, in their defense, the real estate industry as a whole has a very low bar so there are a lot of bad agents that they come into contact with that help enhance the stereotypes they come to the table with after watching another episode of Property Brothers.

The return on equity is a temporal statistic, meaning that variable is in a perpetual state of flux as equity changes. 

I hate to stereotype or 'draw lines' but it is often distinguished by crossing over a highway or major road, 'block by block' in other words.