what would your role be? 

The last thing to think about is the "roles and responsibilities" of a partnership.

We've decided to go in a different direction with Property Management, and we're going to exercise our X day notice now with a last day of X.

Though with the next down turn in the market (whenever that is and how bad is a role of the dice) foreclosure rates will go up for sure.

Detroit demands a very specific geographic analysis and execution of that analysis...and not a global economic trend analysis.Does the auto industry play a role?...

These are two entirely different concepts and the differences are critical.Partnering means you and some other people that you know get together for a common enterprise and everybody has a role to play.

Your lease language also plays a big role here and should explicitly spell out how/if that can be accepted. 

They exercise the newly assigned option and use their $20K + ($500x36=$18K) as their down payment. 5.

You can delegate that role to your agent but if he is incorrect your life savings is at stake. 

Your risk tolerance plays a role in whether you get involved with wraps or not....Good luck!