The judge will rescind your partnership agreement, give judgement if favor of your partner and you will pay every penny back plus court costs and damages.I've been involved with several syndicated partnerships where I was the limited partner and every partnership failed to produce the results projected.

If the well system fails what recourse does a home owner have if the owner does not fix it in a timely manner? 

What if the foundation was failing?

I really think that is why so many landlords fail trying to run properties in poor or working-class neighborhoods, they try to use incentives that just don't apply.

My experience has been that once a borrower files and fails a BK 13, they will file BK 13 again.

Find your deals that will work with renovation costs ALL done by contractors, if you have a skill and can save some money here and there, then by all means put a bit of that to work but there are too many rehabs that fail because the buyer got too far over their heads with the project and many of these thought they could do every aspect of the rehab themselves... leave that to the professionals, just make sure the numbers support the amount these professionals cost :)

I'd buy the stainless from your friend & store them until something goes & trust me something will fail.

Despite the unknowns, I certainly plan to move forward because I know that even if I fail this first time, it will at least be a learning process.

meters are a mechanical device and they can fail.

Buy as low as possible because that's when you set the whole deal up to win or fail.