The next step is for AI using multiple software platforms autonomously: booking your family trip based on a few YouTube travel videos you liked, including flights, hotels, car and restaurants,  creating an excel spreadsheet with the agenda and sending emails to all family members with everything they need to know.

I went into the course assuming I was paying $10k for a streamlined acquisitions process but what i got was two days of narcissistic self-aggrandizing guru garbage, a “mind map” that looks like it was thrown together, 34 “strategies” that can be found for free on BiggerPockets sprinkled with juuuuuust enough guru gimmick word vomit and hand waving to impress the eager and inexperienced, several of which were repulsive and absolutely predatory..Instructing students who get their offers turned down by a seller to walk out of the appointment, get in their car and blast out the property out to cash buyers anyway..  

She has an FHA buyer looking for first house.. they make offer with her making a normal 2.5 or 3% fee plus buyer of course needs closing costs..

The Excess Liability only follows the form of the underlying policies listedYou may have difficulty getting the umbrella because it normally covers over the Auto and Homeowners Liability as well. 

When you study this area in economic texts and in academic papers, there is quite a lot of govt intervention on behalf of all sides (tax code isn't 12,000 pages for no reason and it usually isn't helping the renters)Let The free market act as it normally does, there are more multifamily units coming online this year and next year than ever before in US history, despite rising insurance and property taxes and construction and labor costs, as the potential for profit is too juicy to ignore, but The developers and investors also bear the risk of loss.

Outside of the normal partnership risks, what other risks am I overlooking? 

Can i require the tenant schedule a time with repair person for W/D.Yes, it is normally the tenant's responsibility to open the rental for a contractor.

@Kong Yong Get in your car, drive down every street in your target market, write down the address of the houses that look like they are in bad shape, get on property records and finding the mailing address of the owner, mail them....

Normally they are not that far apart, but could be a month or two.Wherever the OP is, I would think might be different than TX as it sounds like he doesn't get full ownership of the property until 12 months later. 

If you proceed with upgrading the panel add enough capacity to charge an electric car and put in baseboard heaters so you wont' have to do this again if you decide to add either of those options down the road.