She wins, because now she is going to get all my referral business for the county she is in.Here is the downside. Lying

I agree with your comments about the higher valuations and the age of the duplexes - which I see as downsides.  

I don't see a downside...

Syndications are good, but there are also some downsides.

Main downside is temporary house culture.

Downsides to doing this?

FYI, in case you're wondering, here's a quick explanation as to my thinking when I say that the optimal choice from a mathematical standpoint is to NOT pay down the mortgage: To analyze this, you have to ask yourself a couple questions: First: What is your short-term and long-term downside to buying rental properties right now in Grand Rapids?

The downsides are 1) if you aren't owner occupying it, you're probably not going to have any options.

The down side is the definition of "acquisition cost," does not include your rehab money.

Split could be 70/30 to me and they get more cash flow once tenant takes CO and rent starts coming in or I could take some cash flow and they split 50/50 on equity upside on sale.Equity partner tries to limit their downside risk.