It'll last a couple more years.

That's a pretty awesome place to be in!

I just met a potential money partner who own a 4br she lives at.

Not firing a bad property manager fast enough.

For the rental though there isn't a strong advantage to waiting. 

I'd make sure to run this by him too for a second opinion. 

You can get leads, get training/mentorship, and fast forward a lot of success by joining a team on your first brokerage you join.  

Unlikely to find a GC though.

There will be a promissory note drafted for the amount and the duration and interest rates.Is there a risk involved? 

A group of us 4 investors are looking to form a partnership to purchase a property for commercial purposes and have a few questions about if we are going about this in the most efficient way.