The Federal Government also added a "stress test" on new mortgages.  

I like the idea of taking him to lunch and testing the waters rather than possibly putting him in an awkward position of having to tell me he doesn't want to partner.I agree 100% on having an attorney draft partnership documents.

I would have the system pressure tested before you decide to start repairing.We bought a duplex where the bank had let the oil run out and the heating system froze.  

Once you get past the initial sniff test they'll want more information.  

BP members, Hello, now you all can watch this Stress Test of the screwed up Citizens Home Owners Insurance that we were tricked into.

Quickly realizing that it is very expensive to live out here, so it challenging to find properties that would pass the rule of thumb tests (50%, 2% rules, etc).

This can truly be put to the test when it comes to counter offers and negotiating repair items after an inspection.  

Hi, @Ben Roberts.I agree with @Curt Davis, @Alex Craig, and @Dean Letfus.Your downside seems to be protected in many ways.I don't know if you've bought your first buy & hold yet, but this sounds like a good way to test the waters.  

Some casual photos can hardly pass sniff test imho.

I have finished all of the courses and tests to become a licensed real estate agent but have not currently found a broker.The last thing I wanted to mention is that I hope to own 10-20 income producing properties in the next 10 years.