It's a business, not a friendship.

You can't treat this business as a friendship.  

Do you have a lot of experience with him either in business or just in a general friendship?

I have had long discussions with large E and O companies before about their stats.In property management your friend might be okay in the beginning but if something goes wrong the owner and the tenant turn on the PM very quickly as the scapegoat.It sounds like to me this isn't worth the hassle of the small coin or something going wrong and souring a friendship.

Seek their respect, not their friendship.

This isn't a friendship, we aren't buddies, I expect respect and for you to pay rent on time. 

very familiar, but first figure out exactly what you are trying to accomplish. .....on a side note..just friendship?

I hope we can connect and build RE partnerships- and friendships- that last!

list on here) but I'm eager to learn.I finally decided to stop spending my time looking at foreclosures I'm not prepared to buy in markets where I don't have any contacts and start communicating with people on the forums.Looking forward to hopefully building some friendships through this next chapter in our lives, and Happy Friday everyone!

@Dwayne Poster I have absolutely seen many times where buyers had bad intentions and destroyed rural neighborhoods, thus ruining the friendships between the sellers and their former/current community members.