If it's something I need to have in hand on the day I strike a deal, is it a promulgated form or is it a custom form I need to have created by my attorney? 

How do I strike the right balance? 

I'd like to strike up a relationship with a lender such that I'd be "pre-approved" up to an agreed upon limit (perhaps, something like $200,000 to get started).  

String after string of single and double deals with score lots of runs and success over time.In terms of cap rate and COC return on a a particular deal (considering the market you invest in and your goals) what ranges would you classify as an single, double, home fun or strike out (hopefully avoiding these completely).I know some investors are happy with a 6% cap rate while others won't touch a deal unless they think they can do 10% or higher so if you want to qualify why you set your range how you do that would be great too.

Would I try to strike a deal with the adjacent owner to repair the shared structural members and roof?

It's interesting, do you strike a balance with preserving the foundation/norms/values of those relationships or do you sing about your passion from the mountain tops?

At least for a while.BTW, if you're looking to strike a balance between appreciation and cash flow (1%) and you are comfortable enough to step out of your comfort zone, many places in Texas such as Houston, Austin's satellite towns (Round Rock, Pflugerville, Taylor, Etc), Converse (San Antonio) and others are all great places and easy to rent.Prices are $75,000-$125,000 and rent is a little north and south of $1,000.

It strikes me that in areas that REI doesn't cashflow - properly run businesses sure seem to.

@Paul Sandhu strikes again!  

Was there a lightening strike as the electrician suggested that burned out the components, I don't know.