If it is a flip and he's bringing the cash but you're doing the labor, I think giving him 50% of profits may actually be excessive.

I'd expect that the excess mileage charges would be a killer.I think next time I'd so something like a Jeep or a Honda SUV. 

Try dry erase board paint.

He said they may sag or start to rot after they dry... hard to tell without an experienced framer looking at it.We are hiring a plumbing inspector to come out today to run a camera through the sewer line to check for cracks.

The replacement program was initiated because certain fire extinguishers can become clogged or require excessive force to activate, posing a risk of failure to discharge.

I would only pay the mortgage off with excess cash flow that was not needed for the running of the asset.. if your making a few hundred a month positive whats that going to do for you mine as well pay it down so you don't just spend the money on dinner closes starbucks etc. 

Of course, real estate investing is not as cut and dried as this article would make it appear.

Umbrella insurance will cover up to certain amount, like mentioned in the other article I find it hard (for myself) to see how I'd be sued for something in excess of the appropriate insurance coverage.

They should also reimburse you for any emergency water damage repairs like carpet drying from the likes of servpro or local water clean up professionals.

The "carry trade" is sexy until it destroys your balance sheet.Short term, high value add deals that you can refi would be my strategy although in most cases  I wouldn't risk my home to do it.If you can live with a permanently higher payment then do a cash out refi and keep your powder dry for the opportunity with solid yield.If I sound like I'm speaking martian right now then don't move forward!