Any suggestions on the nuts and bolts (contracts, how you structured deal, what % rate of return you offered) and how you managed the relationship to help the investor feel comfortable?

But asking price is nuts. 

They were mindful of closing the door, but 85 is nuts if I am paying the bill, so I put in a "landlord thermostat" which limits the heat to 73 degrees F (by law they have to be able to turn it up to at least 71).  

Many of us err on the side of caution and just rent another house.It also may drive you nuts, and you might not know it until you're already in it.

I was wondering what other Rhode island investors use as rule of thumbs to quickly fish out bad and better investments.  

i know a lot o you are not hands on with your properties, but I for one, am, the sewer lateral issue has been a big one for me, so i purchased a 50 foot USB drain camera on Ebay for $15 or $20 attach it to my electrical fish tape, and inspect the line as part of my rehab, or prior to purchasing if possible. it works for me.

Hopefully, you are actively marketing (fish don't jump into the boat) and regular contact with leads who are principals and discuss your situations on these forums. 

Having the hardwired is great for tenants because you know that they cannot take the batteries out, but they sure do drive me nuts. 

Toronto is way out of control .....Think about it wages are not changing, yet the home prices are skyrocketing....any single family home in TO is 1 million min.... unless everyone in Toronto is a millionaire these days and making $250k plus its just a big credit bubble....I sold my house at Bayview and Steeles for $1.2 million and it was average at best....The house in my eyes should have been worth $400KI currently reside in a exec townhouse in Richmond Hill which I bought for $300k and is now $900K its nuts ...predicting the correction impossible....play safe in these crazy times...my guess is 30% over valued.....FYI in 2008 i bought a $400K Condo in Las Vegas for $125k so the corrections can be severe.....people in Toronto think it will never happen.....lets seeJust my 2 cents...:)

Waiting for seasoning can give you wrinkles when you're building a portfolio.Once you've gotten back your investment nut would you be using it to finance the next deal (I assume you would)?