@Kathie Mata well obviously we don't agree.  

For instance, cities like Chicago are known for landlord-tenant laws that skew heavily in favor of tenants, and that risk should be baked into your underwriting.What’s your take on balancing short-term cash flow with long-term equity growth?

The city serves as the headquarters of several well known American companies including: Cerner Corporation (Oracle), T-mobile (Sprint), AT&T, BNSF Railway, GEICO, Garmin, Honeywell, and Hallmark.

The sellers says it's just college boys and that's to be expected.He's currently getting good rents...as unbelievable as it may seem and if cleaned/fixed up it could make more as well as increase the value of the property.We own several coworking/coliving properties in the US and Mexico, so we are used to hospitality and properties out of state.However, my questions are;Is this a norm for college students, or student housing? 

I have home owners insurance should i buy another landlords policy as well?

That's their required performance as well as maintaining the property/reporting issues. 

I realize we’d probably want to bring in a real estate attorney, but I’m assuming there are models in place that are probably well-established for such a partnership that I know nothing about.

This coming year set the goal of getting more committed to learn and expand my knowledge to avoid previous mistakes taken as well as to be able to effectively continue to expand my portfolio.I’m here to connect with others who are also passionate about real estate, and I’m eager to learn from your experiences, insights, and advice.

At the same time, my market appreciates well so I gain significant value by holding on for the long-term.

I’m happy to share my own tips and experiences as well.