Opened another checking/credit card for just real estate expenses, and deposit tenant and our portion of payments into that account.

I’m not as familiar with the tenant market up that way, but if you’re interested in the Syracuse area, multi families are endless possibilities! 

Everything is endlessly and creatively "leveraged".

hopefully you still have their deposit to offset some of the costs. 

He had collected a $5000 deposit from them, and also was collecting more from them on a monthly basis that what we had originally been renting it for and pocketing the difference.

Since they’ve already already signed the lease and put the deposit down, is there really any reason or benefit of meeting them in person at this point?

one does not have to risk EM and or big deposit until they get to do a HOme insprection and CO has been issued.. is that correct..

I have considered partnering with him on maybe ONE home but haven't took the scary plunge, I say one and only one because I might could see it worth it to see his methods and locations of purchasing with him, I have a hard time seeing it being worth it to invest multiple deposits for only half the profit.

You will also want to draft a comprehensive lease agreement that outlines terms such as rent amount, due dates, security deposit, maintenance responsibilities, and any house rules.

I am still interviewing more GCs out there and explaining to them the sheer opportunity they have in front of them if they can run the GC role correctly, endless work.