So although a hard money lender might be more expensive %age wise you have to take taxes into consideration.

It is wise to assume all properties built before 1978 have lead paint unless proven otherwise.

I'd have to guess you're not on the hook liability-wise but still...yuck. 

Make sure you're on the same page with her business wise w/ respect to goals for a partnership; i.e.

Positive cash flow wise, there's something (more than Toronto!

For a new investor would it be wise to partner up with someone that's a seasoned veteran??

Don't be penny wise and pound foolish.Loosen up on your numbers.

We think Waterbury might present more of a problem rental wise then our duplexs in Danbury and Bristol Ct and are wondering where we should be looking in Ct for our next property.  

@Stephen Kozlowski, first of all let me say, welcome to BiggerPockets and congratulation for being wise enough to ask the community before jumping into something you're not sure about.

It was getting crazy in 06 (bought a principal res this year...bad idea)/07/08, died down significantly in 09 (when I ended up buying a rental condo), and then picked up the pace again.Condo-wise, buying in 06/07-ish and after commissions, I'm seeing alot of barely break evens (case in point, my own principal residence that I sold before moving - that said, I paid less on PIT than renting an equivalent).