To do short-term rental, you need locational amenities and house amenities to win and that price point won't get there.Because with an STR I can write off  expenses against my W-2 income ( I expect a loss the first year) if it's an average 7 day stay or less.

Wasn't expecting this to come up. 

:) Its generally a good idea to know the condition of a property or level of expected repairs so you can anticipate those repairs and build them into your bid for the property.

One of my main challenges early on was learning to have no expectations and learning to help set and manage expectations with clients.

They often allude to me speaking with others as if it is expected. #2: If a broker brings me a deal off-market, am I going to link up with a different broker to ask as my buyers agent?

Let the seller’s agent know that you expect the money returned to you 30 days after the judgement of confirmation of sale is entered. 

I would expect the one in his personal name shows on his credit report as a mortgage and the lender will factor it in his DTI.

Once complete, I expect this 4 family to gross $7K monthly, with a net cash flow of $3K and have $250K in equity built in.

You should first sit down and go over your expectations for the partnership and the roles and time allotted for those.The purchase and management is pretty easy - he handles the purchase and you handle the management.

Many investors in similar positions begin by building a network and learning the basics, such as understanding financing options, which can often be more flexible and approachable than people expect, especially for those just starting out.One suggestion is to set clear financial and personal goals so that you know what you’re working toward with each investment.