He also invest in single family homes and we had a quick lunch where he initially sparked my interest into real estate investing.What kind of questions would you recommend as a good starting point when interviewing these critical partners?

Those months are critical to build reserves to carry you through the low season.

In the end, good or bad, you will be glad you did as you are your number one critic.

Being prepared with reserves is critical.  

Last year I partnered with a banking buddy of mine to purchase a home in CT, cash for $175k (I finance it, he does all the work - we split profits), but after a more critical inspection, he found water damage that ultimately led to the deal falling through.

Stability is never certain but as owners with expenses that don't stop we need to be a little more critical of our applicants. 

The home inspection does not highlight this as red or critical which is surprising to me.

The numbers game will always be a critical one!

For some folks the content of the OA is crucial because they are using it to define really critical aspects of their operations such as how a two member LLC is to be managed.

Now more than ever it is critical to not invest with undercapitalized sponsors nor in undercapitalized deals.Return criteria (Pref, IRR, Eq Multiple): not sure how this will be effected but still looking for similar number 7-8 Pref, 14-16 IRR, 1.9-2.1 Eq Multiple.