Does the cash flow trump the purchase price. 

All of us can't be Donald Bren , but even he started small and built up! 

@Donald Crockett if this was my rental i would not worry to much about it being sticky as long as it is clean and looks nice most tenants wont pay attention to that unless it is in a high rent area 

Sounds great, Donald!

@Donald SpiveyI guess the first question I would ask ( myself included if I were you ) why would a 20yr seasoned investor want to partner and split profits 50/50 with someone who is completely new?

@Donald Spivey  this is definitely a viable option.  

For every Bill Gates or Michael Bloomberg there is a Donald Trump or Donald Bren who have made their money in real estate, I personally love Donald Trumps story because he started his career doing one of the largest deals in NYC history with none of his own money and very little experiance.

If so, of course the inspection is for informational purposes, that's silly, the 5K limit is a concern, that should be left to your discretion, I'd not go there, I want it inspected any significant matter gives me the right to drop the deal.If it isn't a cash offer and you are financing, the lender's requirements will trump anything that seller adds, if you don't have the funds to repair and the reserves they require, they can require it repaired of they pull the loan rug out and you're not at fault.Don't assume anything about contributions here on BP, being a great person on the internet, having a "good" reputation here is no excuse not to do your due diligence, just because someone may be loved and admired doesn't mean they know what they are doing, in fact, might be a good reason to look closer.

Look at Donald Trump, Robert Kyosaki, www.sanzari.com, Billy Procida. 

Hey Donald.