If the pickin's are slim, so be it.But the bigger elephant in the room is that if he ends up in divorce, your partner will be distracted, an emotional wreck, and may have all his assets frozen in a protracted court battle.

They had a big flood a few years back and it wrecked EVERYTHING down there.  

@Alysa Phalen , while it sounds like you had minimal damage, you could not have known that last Thursday.I'm in CO too, and I heard that Irma could be an issue while Harvey was still wrecking Houston.Since your property is not damaged, I would give the PM time to get their other properties in order, but I'd schedule a meeting with them in person to get a storm preparedness plan in place.

Hello I am trying to buy two rental properties in Baton Rouge area(currently living in DFW area) end of this year and this whole process is going to be little bit challenging and nerve-wrecking. 

It is sad to see another example of someone getting over-leveraged into a liability they cannot afford - like watching a car wreck before it happens. 

Lots of investors have been wrecked this way.

Of course, the catch is that everyone always thinks that they are an above average investor, just as everyone thinks that they are an above average driver, even though this is a statistical impossibility ... but the wrecks involved in thinking you are an above average investor when you are not are far more catastrophic than they are with driving ... 

I agree, I see the train wreck coming.

So, if you need every last dime back that you put in, then this strategy will make you a nervous wreck. 

It was 5 years ago, I was just starting out as a wholesaler (30 days of learning the business), I'm sure I sounded like a nervous wreck trying to set up the deal in the first place.