I imagine that the length increases by some amount, but I doubt it would be a full year since many tenants feel fine riding out a month-to-month lease until they decide to leave.Do the downsides (forfeit of owner ability to increase rents after the year and potential to get stuck with a trouble tenant constantly calling for minor repairs) compensate for whatever this additional length of stay is?

Additionally, we are not asking the limited partner to have a "job", that's the beauty of it.

Are you self employed or W2'd? 

Hello All,Currently I am employed at a insurance company in New York City.I"ve been saving my money for a a year now hoping to get into real estate investing and stocks.

Additionally, you'll also need to confirm the rents.  

My retirement account is a Florida state retirement fund (so, I would have to quit my current job and possibly pay taxes and applicable penalties on the 70k and, there is a 3 month waiting period once employment is terminated).  

There is work that needs done on the property, so we'd have to be creative with where we pulled additional money from.

I know that's the case around here, additionally rental demand for SFDs are higher than multis which can result in better tenant pools.

Stairs are additional.

Also, had a wholesaler tell me when I first started that he would buy a home and sell it to just make an additional 5-7k on it.