Being able to split out some specific areas in which she might be interested is perfect.

You just buy the rate down, even into the absurd diminishing returns range, because it isn't my buyer-clients money, it's the seller's money, and I'm perfectly happy to waste the seller's money if it gets my buyer client even a slightly better deal.

@Joe Johnson @ 23 now is a perfect time!!!  

I think a 50/50 split of capital should mean you should be getting paid for the management of the property.50/50 investment (he pays half, I pay half)50/50 ownership50/50 cash-on-cash rent pay outs.He wants NO management or ongoing responsibilities.IE - I do property vetting, mgt of rehab, mgt property, mgt finances, mgt llc, etc.So my opinion in a perfect world you to try to meet in the middle. 50/50 capital split but you earn a 10% management fee is how it would be fairly structured.Thing is, it sounds like your chasing him down to get his capital into play. 

I was always so bummed as a tenant when the owners would cover up beautiful hard wood with ugly carpet, but I understand the perfect reason why the do.

In the meantime, I'm renting an apartment, and my lease is up in June.There are a couple of blue collar suburbs of Cleveland that I've been exploring and would be perfectly happy to live in.

Using it to refer to a property's unlevered yield is perfectly fine.

I have been thinking about investing in rental units ever since my college professor showed me "the perfect tax return" (it was his own) and explained his investment philosophy.I am an income tax accountant and am not looking to leave my job anytime soon.  

If you only see tenants during your regular inspections you have a perfect tenant.

Since I use the profits from my contracting business to buy real estate anyways, this would be a perfect fit.