My question to some of the smartest people on the web is thoughts on % of appreciation that you'd say "sell" when my tenant leaves?

@Nikki BaiNot sure I’d take the gamble of waiting.

I think having enough funds and a good home inspection and contractor that you can trust is a much in the  beginning otherwise you are just gambling.

Bad because often 20% is the minimum down, frequently it goes to 25% down, interest rates higher, terms overall less favorable.As for funding the down payment, save, gamble, pick up a second or third job, borrow from family or have family/friends invest with you, get an active partner, etc.

is no gambling action.

Also search the web for Brian page.

But after reading articles like this https://bang.ro/online-gambling-in-the-usa-is-it-legal/, I realized that the guy didn’t do anything so bad (except getting himself into terrible debts).Back to my question.

No agreement covers what the managing partner can do - go gamble at craps your odds are better at making a return than in a real estate partnership.

Not worth saving a few bucks on a gamble. 

If that is too big of a lose to gamble, I would walk away.