And 36 Other Key Financial Measures http://amzn.to/Zv0Zph Frank also has another book called '10 Commandments for Real Estate Investors' that I reread every other month or so as a reminder: http://amzn.to/15ikXL0Ken McElroy has two great books on apartment investments and one on property management: The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss http://amzn.to/HdXVf1The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals http://amzn.to/1bcWx50The ABC's of Property Management: What You Need to Know to Maximize Your Money Now http://amzn.to/1d518JK Also see Ken's BP interview on Podcast 052: Buying Apartment Complexes, etc. here: http://www.biggerpockets.com/renewsblog/2014/01/09/bp-podcast-052-raising-millions-ken-mcelroy-rich-dad/There's many more, let me know if you'd like to see more.

sory when re reading that it sounds shady haha yes i mean a 50/50 split of everything not just profits ide never do that.

And, as I re-read your post, I see that you have at least two quotes in the same range.  

Good info but if you reread post the numbers he was referring to were just for example purposes, not actual amounts. 

Please reread your rental agreement. 

(I just re-read your post again and so deleted the second part of my post that was not relevant)

It's getting to be a routine: every year or two I purchase another rental and re-read rich dad poor dad :-).I'm lucky because I grew up learning good from bad in REI from my dad who is very successful at it.I wish you the best of luck and offer to share my opinion on any deals or ideas you have.  

@Dee Cee After re-reading my post, I apologize for the matter-of-fact tenor.  

Reread @Joel Owens post.What is happening in the local economy?

I'm hoping the deep discount to FMV will provide  buffer enough to attain that goal.I'll be re-reading all three of your posts several times and making checklists for future purchases.I'll keep everyone informed of progress.I hope we get out of this intact (financially and psychologically)  :-)Thanks again.