In addition to cash in cash returns and capital gains at sale, I also look at the debt coverage ratio to see if the property can support its debt service in these scenarios.  

My goal is to pay a fair price for good service and not be taken advantage of.  

And, I am researching for an affordable second phone service(and phone) with good coverage, strictly for wholesaling.

If you are OK with paying taxes now you can invest in a tax-free environment for the rest of your life!

His plan is to buy a piece a land, build several townhouses, sell enough to pay for the rest that will be kept as rentals. 

Do you know of anyone, or any attorneys that could offer your services to me at an affordable rate?

Using this service you can see the prices listed by landlords as well as customs offer.

I work with a lot of out of state investors and provide more services than just selling properties.  

I'm not a sue happy guy, I've had to go down road, but I'd be looking into it, or at the least any cost/losses caused by this comes directly out of his portion which would likely mean he gets nothing from the sale, and the rest of you take less of a haircut.

What tracking services you any of you use?