I disagree that he's paying $80k for something worth $190k.

Do you disagree?

I'll respectfully disagree with Ali here.

I don't disagree with other posters, I just believe this potential deal can be looked at in a different light.I am interested in other thoughts on my take.

This is based on the tax code of 2012 which is supposed to apply to 2013.Bill, do you disagree with this?

I'm sure many disagree. :)

There are people that buy the non-water saver toilets on Ebay because they do not like the new ones.Joel,I know you are a very experienced investor / landlord, but I'll stand and disagree with you on this matter.

I agree with all the above, I think :)I'd say you're thinking you'd have the leading votes owning more units than others, there's always 10% that will disagree, by nature they will gang up on you seeing that advantage and you won't control anything is my bet.Don't go there, you may create financing issues and you could end up trying to meet requirements you don't want to go to or could meet.All entities take on liability in RE matters, you'll need more insurance.Keep it social as suggested.

If you want to come here and vent by calling your partner a horses *** every time you disagree, then do that.

I would stick with it and chances are you will sway from it some anyway as you gain experience and have random opportunities come at you.I disagree with Ben's advice about not getting the license.