Cash vs. leverage is not so much the question, but let's say we hypothetically agree to a 50/50 split.  50% down on the home we live in and 50% down on our first investment property.  

I agree with Ben, it only matters how good the in put data is to provide you with an accurate estimation of costs and profits.

A virtual ssisstant who usually works for you out of this country and will typically be cheaper and good at what you need and you typically communicate with you by the computer.  

Make sure you agree with 100% of the terms stated!

Do you agree with 8-12% returns as the target?

Fred Trump "lent" the Donald two things1- $58 million in cash, as an inheritance2- His signature as co signer on a loan, when Fred was the largest residential landlord in NYC.So if your dad gives you $58 million ($300 million in today's dollars) and is willing to co sign your loans, and is the largest residential property owner in the largest city in the country, then yes, don't listen to the naysayers, just "present yourself well" and you'll be all set.

I agree with Alex.... definitely honor your word.  

Hi Jacob,I agree with Joel in that you should just ask him to lunch to talk real estate. 

I also agree with everyone else about the jv partner.

I agree, checking out your local reia, which for us is SJREIA.org, is a great idea.