Feel free to poke holes in my plan, I can't shore it up until I know where the weaknesses are lol. 

I'm not going to let that get me down and will continue to feed the pipeline and utilize my strengths and improve on my weaknesses.

I assure you, I am in the city 3-4 times a weak(Not just downtown/midtown) and I do not carry a gun and have never felt the need to.

Most rehabbers would say the numbers at full list are too weak and would try to get it under $100k (if your rehab numbers are accurate).Yes, an EMD of at least $5K is highly recommended.

They have a pending offer but I think it's weak.

If you are not filling the void of each other's weaknesses and enhancing each other strengths the partnership will be stressed over time.Is your partner just the money guy and does not want to do any work and is very interested in getting involved with real estate but is really just wanting passive income from the benefits of REI, thats fine too but know that he is really a money partner, which is also important but that would mean a different type of partnership and different expectation of you. 

That being said, competition is still fierce and an accurate market analysis is still key.Comment your thoughts on each niche; whether they come in the form of opinion, personal experience, questions for other posters, strengths/weaknesses of one over another, whatever!

Account ClosedThere are many methods but it depends on your strengths and weaknesses and goals.

James or Nick may have more insight into this aspect, but you might be able to have another deal totally unrelated to the subject property.Getting personally involved with people in distress was a weakness of mine, you can't go too far.

If a weak deal comes along pass.