When you say they were incompetent can you provide more feedback for novice investors. 

Where to get the most recent and accurate data for things like:Unemployment dataPopulation growthJob diversity and top employers in the areaVacancy rates (eg huduser.org)Property taxes and jnsurance costsI saw bp pro and reventure and a bunch of other websites provide some of this data, but i wonder how accurate and recent it is.

If anyone has done this type of project before and has a detailed/itemized breakdown of project cost (invoice), I would truly appreciate if you can provide me with a copy and any guidance.thanks!

I was thinking if I can talk to my neighbor about sharing the cost (I, the landlord, personally provide labor and my neighbor provide material (e.g. fence pickets)).

But perhaps you would be better served helping a local experienced investor find deals and ask them to show you exactly how they analyze deals, what's good vs bad, how do they finance (debt vs equity) etc etc and understand their business model that has a proven track record by providing value to them.

Even if one has to provide the education to some of the parties as to why a particular creative solution makes a win-win-win for all. 

So actual benefit is hard to nail down until it's actually tested/required to provide protection in the event of a lawsuit. 

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

M1 has already provided fantastic value for me and I don't plan on backing out.Hey great feedback I am all for it if you get value..

great advice provided - what I will add to this is if you have smokers and its not allowed I would offer to allow them out of the lease with no penalty.