Your post here, while I have not gone through the link's yet, seem's to squarely hit the nail on the head.

In the past year we've been through the ringer financially due to bad contractors, deal promises, and generally just being new to the game.

How did you come up with the cap amount?

Curious if either of you ended up pursuing student rentals in Windsor? 

Many of the people that come are members of Lifestyles Unlimited so they sometimes talk about upcoming events for members only, but the meeting is open to everyone and they share some excellent information. 

But let’s go a later deeper - my down payment would come out of a well performing stock portfolio.

I would thank him for his feedback and share that you made a business decision that is mutually beneficial (https://www.avail.co/education/articles/should-you-collect-r...scroll down towards the bottom of the page to see the comparison) which includes providing the tenant with a receipt and rent reminders.  

You're giving up some good tax benefits since you're in the tier of taking itemized deductions.

No, channeling it through a partnership will not change your tax situation at all.

I have a few follow up questions:1) What's an example of "get referrals and cross reference them to get as much accurate information as possible"?