The bloated and wholly out of control Fed is long overdue for a “correction”.  

For this particular property, LTR GRM would likely be 21x - 23x; if Rabbu's average is correct, the GRM would be 16x - 18x for the target (approximately 6% cash on cash) so I'm trying to identify if that's in line with the area returns.

If I am reading correctly, they are simply supplying the money for the partnership. 

Asking in the correct forum will get a better response.Read the RULES!

@Charles Perkins is absolutely correct about "collecting all receipts, properly tracking all income and expenses and your basis for all assets properly documented and recorded."

Im assuming you want to invest out of state, correct?

You are correct by saying that you have missed opportunities by being too cautious.

It might be overpriced or might be correctly priced but is not generally desirable because of the work involved. 

If he kept the house, then your statement would be correct, because there is no immediate taxation of insurance payout.

Ours are more like soft corrections.