As mentioned, "money down" also creates security and the more the merrier.

Some metal bugs believe the race to devalue has begun Today's 'fed buying 300 billion long u.s. security news looks grim for the dollar.

What is the best way to form the partnership and what do I tell potential money partners so they feel like their money would be secure?

Shop around some more...especially now with everyone's marketing budget down there should be a lot of web designers out there looking for work.

Does anybody know of cases where courts have found such lines as "contingent upon partner's approval" or "contingent upon securing financing" to be weasel clauses?

Screw the government, social security and their stupid retirement accounts.

The heightened security in response to the anthrax mail means they'll just end up burnt on a trash heap.

Reserve facility to include "Legacy Assets" that is currently only set up to buy newly issued securities.

You will find that this is the best community on the web to submerse yourself in for real estate investing.Make yourself at home and get active!!!!

It is also evident that you left out many of the operating expenses, such as management (even if you do it yourself), utilities (even if only during vacancies), office supplies, legal fees, evictions, damage done by tenants in excess of the security deposit, entity maintenance, lawsuits, capital expenses (not technically an operating expense), etc, etc, etc.You might want to read one of the 50% Rule sticky threads in the General and Landlording topic areas.Good Luck,Mike