Get in touch and stay in touch! 

Even the ones that talk about things you're not particularly interested in doing are still valuable because they'll often touch on topics that are important across all facets of real estate investing like finding financing, locating deals, etc.  

I have no intention of touching the security deposit money and that has already been placed in a separate account.

Your resale target will vary depending on if you want to rent it out after rehab or sell (flip) the property.Would not touch renting back to them with a ten foot pole.

Any networking with any person who touches investors (lawyers, bankers, contractors, etc) is a good long-term tactic for meeting them.

Little weary about the whole partnership thing so if anyone has any advice I'd love for you to share.Also, is it realistic for me to think I can do $150k - $350k in gross profit a year if I don't touch/spend my initial investment and profit?

Don't ask me the numbers yet because I am still adding the final touches on other unit. 

Keep in touch with him and always top of mind.He will eventually give in the more you follow up and point the benefits he gains from selling to you.

I used to try to keep these people on a list to stay in touch with, and hope I that I'm there when the right time comes.

A simple fix and flip; clean, landscape the yard (in Arizona that means spread some gravel), a couple new light fixtures, and touch-up paint.