That would leave me responsible for snow removal and lawn care as well as waste removal (which would be around $93 a month for a 4 cubic yard dumpster which should be sufficient.First Analysis - I wanted to get a ballpark figure of what expenses would be for the property if it hadn't been recently renovated, so I ran the numbers assuming higher expenses for repairs.

The closing date is 9/19.However, today I ran into troubling news where the previous tenants of the side we are going to be living in have died.

I ran into a situation that I could not seem to find the answer to.

Then I ran into an investor (lets call him CN), who had a lead on an 80+ door apartment deal he was chasing about 10 minutes from my residence.By the time CN was able to finalize the deal in 2010, I had done my homework and knew that this was a winner!

I ran a screening on all of the adults including the brother.  

Sounds like this is not up your alley at all, so you need a local business attorney to guide the two of you, make sure the attorney is representing you.I got into a steel fabrication business by providing the seed money and it was very profitable, but I ran the business side and oversight.Your collateral is everything you can put your hands on, his personal assets and business assets.

This is my first time dealing with this in over two years of doing business in an area populated by 50% or more Hispanic people.The interested tenants gave me a deposit to hold until everything cleared, the husband gave me his SS card and I ran the background check.

The culture we have here syncs well with the virtues you listed above.

In doing some of the reading here on the site, I ran across this graphic. http://www.biggerpockets.com/rei/wp-content/uploads/2012/12/Real-Estate-Cycle1.png I realize that there a multiple versions of this cycle running at all times, where the local market may be at a different place in the cycle than the macro cycle.

I ran numbers and it seems very promising.