Run some amortization tables for your self with a fixed rate for differing length of times.You will be shocked that the changes in the mortgage payments and the effects on your ROI.Ask your partner what's the advantage to creating excessive equity when that money could have been put to work elsewhere?

I like an excessive use clause.

They agreeing to findings.2. complete repairs found by inspection and deduct from deposit3. clean carpet if they don't provide a receipt from a local, professional cleaner which is the condition they received it in. deduct from deposit if they didn't.4. if a pet was allowed, they must turn in a receipt showing it was treated for fleas. if If they dont it comes out of the deposit. if any damage from pet they're given an estimate of repair and sign an agreement that they will pay any excess not covered by deposit.5. touch up painting as needed, filters changed, fire alarm batteries updated.6. get keys from tenant and change locks. old locks go into inventory to be used in other properties.7. return their deposit with a letter documenting what expenses were paid out of it and a notice that they are welcome to return if they were a good tenant. they can use the statement for their future landlord as well. if they were not a good tenant, they go on a do not rent list for future reference with a copy of mive.iut inspection signed by them indicating damages and/or non-compliance behavior.

NJ building costs will sound excessive to those building in some other areas of the country so i advise you to weigh  local advice on cost more.

Parking excess cash in a property is buying cash flow at a cost of $2 for every $1 returned and is at risk if the markets turn. 30 yr mortgage's and investing cash outside of real estate will generate maximum income if you are not interested in purchasing additional properties.. 

Charge the tenant for th ecost if that was the case.If damage is excessive go through insurance for repairs otherwise avoid making claim.

Pet rent is not a deposit so don't count it toward the cost of repairs.Scratches in the wood floor would probably be considered ordinary wear-and-tear unless it's excessive for the situation.

Her and I have always agreed that we would both invest our excess money as we each saw fit.

The home will suffer excess wear-and-tear from eight adults.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.