Are you hoping for the partner to train you while working together, or would you prefer regular updates on the process?

My parents for burnt bad by the banks, that shaped my financial believe system growing up.Of course, you should not "feel" about money at all.

If you're trying to wholesale an MLS property (not recommended, in general), you may need to do a little more.3) Books/forums - Here, of course.

This will cause more supply and less demand = lower prices.Of course, none of us have a crystal ball, but that is just my two cents for economics 101 :)

I have a new 7unit and a new 2unit...so I was thinking the 7unit gets the laundry service that @Kathryn Dillon spoke of and the 2unit will get used (in good condition of course) coin-operated machines.

I had some training but no real experience, especially when it came to negotiating.

That is part of the standard contract that realtors use, but a private party sale could of course be different.  

Of course we will do all the inspections and due diligence) Th goal is to fix it up a bit and cash out refinance it.

He reads the books, takes the courses, visits the forums, and keeps re-strategizing.

Of course, there's some risk to it, as with any other investment.