While I don’t think you will make anything on this investment financially with regards to cash flow, I think the knowledge you gain is priceless, and that you will probably be okay in the long run. (1) Do you have reserves to take care of this property if it goes unrented for a few months or if the HVAC goes out prematurely?

Hello Steven, Possibly premature but one method of building a real estate portfolio with little capital and a lack of credit is a JV or syndication.

So, unfortunately, what ends up happening is that many (not necessarily all, but many) landlords get pushed by the market dynamics, pricing, etc. holding a long time, or they go there freely day one, into "slum lording" ... that is, not updating these systems properly when they break, dragging out the usable life with bubble gum and duct tape, and renting out basically dilapidated and unsafe properties because the economics don't lend themselves to fixing them properly.2)Not to say you can't still make money in these markets, but it is a different strategy.

Reading this article from Derek Sivers a few years ago completely changed my philosophy on sharing projects - https://sivers.org/zipitFour different tests of 63 people found that those who kept their intentions private were more likely to achieve them than those who made them public and were acknowledged by others.Once you’ve told people of your intentions, it gives you a “premature sense of completeness.”You have “identity symbols” in your brain that make your self-image.

I have a maintenance guy on my apartment buildings change the filters once a month.You really do not need what I call a "retail checkup".These are big companies with big expenses and they need the retail jobs to tread water.I have found independant guys with their own companies can do repairs for 50% less and are just as good.You just have to really look around to find them and not call a company out of the phone book.I have seen some units last 30 years and keep going.I would be more worried about pre-mature failure from non-optimal installation of the product.I see that happen much more than a quality product installed properly failing on you.I can tell you owning apartment buildings that if you paid retail to get stuff done you would be crushed with expenses.If you are going to do HVAC care and things like that then run those numbers and account for them BEFORE you buy.Don't try to add it later as it will crush your returns.

If you are not able to trace the steps in the offering and acess the probability of successfull outcome, then perhaps any talk of capital deployment relative to you as an LP is premature.

Often, it's age related due to perceived experience, just a fact of life and the youngsters finding themselves wanting to be taken seriously (often prematurely).Go to the local SBA office, there are non-profits that provide detailed assistance to new business owners.

Candy bars, pack of gum and the daily newspaper used to be $0.05.

If you don't know what it costs to rehab a house, you may be in the game prematurely.

@Robert Leonard - I asked about E&O prematurely.