What you're asking for in a partnership is almost impossible to measure. 

- In Miles, Hours Or however you would like to measure... - What was the FURTHEST distance you have bought an investment property from where you reside?

Here are delinquency rates for consumer loans (blue) and mortgages (red) with debt to disposable income thrown in for good measure. 

Also, if you do need to replace windows or doors, measure them to verify they are standard size that you can easily buy without having to special order all the windows and doors for the house as this will drive your costs up significantly (trust me).

If this was a property you were seriously considering, I'd call a local lender or two and ask for a rough estimate.I'd estimate about 15% for Capex + Repairs.Vacancy is a pretty subjective measure and depends on the person.

And then you can start implementing measures to ensure your tenants pay you and don't damage your property.Good luck!

@Sarah DawsonThe note market is not a clearly defined and measured market like residential real property.

Learn how to underwrite so you can measure expenses and profitability.

As far as golf goes, I measure my games in how many balls I lose in the desert but I’m always ready to have an adult beverage on the front 9 and back 9.

And 36 Other Key Financial Measures, Updated Edition3.