However its been my experience that the ones who can most take advantage of this method are people who are already financially well healed and have established an excellent credit rating so they can borrow other people's money.

That I know of people who put up money can easily go with someone very very experienced and even well healed financially and earn 12% on their money so that is my starting point to compensate a money partner.

I get around a little slower with this healing fractured neck of mine using public transportation.

You will have healing time on your side, so even if you only have to experience some vacancy and drops in rent you will be better off than a flipper with a HML, but timing is still important.Take a guy I heard on a podcast recently.  

This is important and a novice can end up heads over heals in a short period of time if things go south.Google lease agreement for your state.. 

....yes pretty irresponsible on our partSame goes for deciding to invest in real estate on the heals of a bankruptcy.

Time heals all wounds (and deals) 

While they aren't getting any incentives to locate in PDX, it comes on the heals of their 'sharing city' initiative.

If your investor is well healed, then the transactional volume would produce income to support you in your local growth that Brian so correctly suggests.

Dig your heals in as jan is a tuff month to rent anything.