The one I am speaking with currently has not offered up any sort of contract so I am taking the lead on preparing something.  

High rental demand for room rentals in Hyattsville and College Park.

Condo's usually have high HOA dues which will eat into your cash flow.

Off street parking is typically more important for high end/expensive rentals.

Yes, it's true that you might be able to find a product you need at a greater discount when a brand like Wayfair or CB2 is having a sale, but I've found that they truly do offer superior discounts at scale, even considering the fee. 

Very excited to meet like minded people and see what I have to offer. 

There are a lot of markets with solid job markets, strong populations, solid rent growth, but when you are talking ONE property, unless you are considering highly rural areas, it likely doesn't matter.  

Some ideas I've considered:Equity Buyout: Having another investor or my partner buy out my 40% equity.Seller Financing: Selling my equity and offering seller financing to the buyer.Selling the Property: Liquidating the property entirely and splitting the proceeds.Does anyone have experience with situations like this?

I'm curious about the size and quality of a house you could build for $375k. 

I agree that pricing a rental too high is a classic mistake than can make it sit, but don't you think encouraging landlords to rent quick will make them compromise on the vetting of the tenants?