I totally agree I need to be more upfront from the start.

Total $80This means I am losing out on $400-800 worth of real estate each week if it was considered leveraged money.

As partners we are looking at about $40k total profit or $20k each.If I were to partner with the guy, how would you structure that agreement?  

So you'll be going from 200 / mo total on one property to *what number* total / mo on 2 properties.

I totally understand.

4 - If the answer to #3 is yes, during that 20 year period, what extra costs are added to the total based on repairs, etc...that also must be caught up before you break eve...and start to actually make money?

Even networking can totally feel that way as well.

So it is a total of 4% typically, and you will find a non discount broker typically having a total 5% fee that is split.

But you're total gain including depreciation recapture was $60K so you would end up having to pay the tax on all $60K - no benefit to the 1031.The other question you're hinting at is what if you bought a tract of agricultural or hunting/fishing land that you intended to use for productive use (wilderness activities, rental, agricultural, livestock etc etc). 

One of my clients lost her job and she has only paid about 20% of her total mortgage she wants to get a lower payment.