Issues get dragged for months with no resolution.

One partner feeling like they are doing more work for less money is often the root cause of disputes - and note that there are dozens of things to be done that are time-consuming, yet not directly related to the actual rehab - turning on/off utilities, binding insurance coverages, calling/scheduling contractors/subs, cleaning, landscaping, etc.Is either of you licensed as a realtor or contractor? 

McCormick may not have been aware that they were buying such an impaired property, but the court did not consider any hardship to McCormick its resolution of the case would create.

You are providing someone with a home so make sure, house numbers are clear in case of emergency, all window and door locks function so you can't get blamed for a robbery, document that the water heater is set at factory setting so no baby gets scalded, document there are no trip hazards, document there is no danger from falling/dead tree limbs, no culverts a child can crawl into, no access to the attic that can cause a fall, that the garage door safety features are working, that there is a fire extinguisher(required by insurance btw), and smoke alarms that work, etc, etc, etcHave tenants sign that they will have and hold renters insurance and document EVERYTHING as far as maintenance, complaints and resolutions etc.

I’m not sure how much money he invested, but I would suggest that he talk to a lawyer that can handle these disputes.

The answer is no... the one transaction doesn't explain what is happening economy wide... that has been and is the point.I doesn't seem there is much dispute regarding the fact that the one transaction does necessarily reflect what is going on economy wide.

They aren't going to let things slid into disrepair and react by reallocating their investment capital to a city 1000 miles away.So rather than dispute the comments like the ones by @Curt Davis or own local Debbie-downer when it comes to Detroit (Scott K, where are you?)

Don't get involved in domestic disputes which is what this is.  

The prudent path of resolution is to contact the borrower and cure the defect by verifying the number on record.  

then, on that new car loan, make sure that you borrow no more than about 30% of the value of that car. some credit agencies will look at that in the same way the credit cards are rated. go to annualcreditreport.com. dispute ANYTHING negative on your credit reports, all 3 credit reports. it doesn't matter if anything negative is true, dispute it anyway. i will tell you why. when you dispute something, the credit agency is required to contact the creditor associated with the reported account. that creditor has 30 to 45 days to respond back as to whether or not it is true. if they do not report back, then that account is removed from your credit report as though it never existed. that will also boost your credit score. this is how the credit gurus do it. its not " dorky little ways" that they use, it is something that YOU can do yourself. whats " dorky" about it is that people will actually pay someone to do this for them when they could do it for themselves. good luck in your adventures, and let me know if i can help further.