Stages of change:PrecontemplationContemplationPreparationActionMaintenanceTerminationI sense that your partner is probably in the first phase of your REI journey, so thinking of "cutting your losses" may be premature.

(You know, maybe this guy just can't boil water and chew gum - and they need to have the stove disengaged; use the freakin' microwave instead).And, here's the bottom line:  "U.S. fire departments responded to an average of 355,400 home structure fires per year.

At a bare minimum, you would have to target a 5-unit... but if we're focusing on 'how many is too many,' we're kinda missing the point: the first step should be to set goals and then let those goals drive you toward clarity on next steps and property size/type.Regarding investors: I think it's always a good time to build new relationships and strengthen your network, but until you have either a 1) real deal to talk about, or a 2) a model/mock deal that reflects a similar deal you expect to find... then it sounds premature to approach investors about equity capital.Recommend heeding the wisdom from @John Corey @Lane Kawaoka @Chris Grenzig, above.

You see it's easy to find a Realtor and you'll know within a week whether they can answer email, chew gum and walk at the same time, the thing investors don't realize is that the god Realtors are also evaluating you at the same time.

We send notices to our tenants every few months and we always mention things that we don't like i.e. putting the trash outside apartments, putting chewing gum on sidewalks and balconies, keeping the laundry room and here is the one that raises the hair on the back of my neck.

There is a good chance investor will run out of 60 days and result will be tax and penalties on the entire amount, as it will be considered premature distribution from an IRA.

Any inspections with tenants may provide some insight, but may really only be visual and premature.

We purchased a home when we couldn't qualify to get a loan for a pack of gum.

Your nice things will either go to ****, or wear prematurely.3.

Make sure you are calculating off your net amount and not the gross.I'm no lawyer but forming an LLC to buy your first asset might be premature and troublesome.