He grew up on a farm and had been "paid" since he was about 9 years old (dad put money aside essentially) so he had quite a bit of cash after high school. 

I since learned that basically turnkey providers are operating under a different business model-- they are essentially flippers.

Essentially structure the purchase and cap what the owners actually get.

Essentially I like to leverage up and not get some cash flow or at least to cover the mortgage.

But essentially what it is is a document that we both signed.  

Essentially, if you lend a second of 10K and have to foreclose are you certain to recover your capital?  

If the chimney is not essential (i.e. no boiler or furnace using it) block, disable (and down the road remove) it - chimneys, particularly those with traditional fire places, are major sources of heat loss.   

Therefore, you are essentially creating multiple small partnerships.  

Since you're fresh out of college, you may also want to look into "house hacking" which essentially means taking on roommates in your own unit in exchange for rent.

I responded essentially saying I'm not going to play favorites choosing you over the other tenant for this work...