In terms of the three years, since the rules in the partnership are dictated by the GPs, they are potentially making a decision on the terms of the holding period.

You’re supposed to pay what the current numbers (NOI) dictate.... he already pre-paid for all the value he’s planning add soooo you tell me..... is his exit strategy to break even?

You would not doubt stay involved for the comfort level your friend has with you but there are a wide variety of nuances with any commercial lease that would dictate the need for someone who specializes in the product type.

If not, the area where you'd like to buy will dictate which county you go to.

Your deal, experance, and finances can dictate that.

I think this would be dictated by your market, lots of family's and good schools, i would do all the 3/2's possible to reduce turnover.

Letting your emotions and fear dictate your behavior is not going to help you.

Randall, those are very real concerns.Don't forget rent control proposals quarterly, first come, first serve screening, ESAs dictate how we handle animals, and show cause terminations of m-m agreements.I am afraid some of these policies will drift up or down the coast or East over the hill to us. 

I would not think that the style of roof would dictate loan terms.

That will generally dictate area, property size, tenant quality type (national,regional,local,etc.).ICSC has some great books on retail.Hope it helps.