“The U.S. has undergone tremendously difficult conditions that have fundamentally altered our nation’s demographics, but one thing remains certain—there is a need and demand for more rental housing,” said NAA President and CEO Bob Pinnegar.

Please any corrections, alterations, comments, or curses would be appreciated and will help me moving forward.

They had a altered view of the world.

My thought process so far:-Total cost of the home: $400k translates to $2500/mo with $80,000 down-price of the home seems in line with comparables in the area-similar homes on AirBnB and AirD.na go for $400-600/night-assuming a rate of $420/night it would take 72 nights to cover the mortgage-a quick availability check on AirBnB makes that seem easily doable.

For example, what percent of money from either side of the partnership is put in, and how does that translate to split of prophets if the work load between the two are different?

Example: purchase price =  199,000monthly gross rents =  265550% of 2655 = 1327Mortgage payment= 8051327-805 = 522 estimated cash flow monthly Cap rate 7.9%With 50,000 down, that gives me a cash on cash return of 12.5%I realize the 50% rule is a very basic estimate any many things can alter this, but do my numbers seem correct?

I was referring more to price of houses vs income, which translate into demand for residential purchases. 

In speaking with the tenants with a translator (they do not speak English), they told me that the previous owner new about it and it had been an issue for many years. 

Any little mistake or wrong answer can cause a ruling of alter ego, invalidating the protection.

If you are still in your inspection period and nothing in the addendum concerning the roof altered this, then yes.