I had a close friend who would make an excellent partner- he's fair, he contributes, and he's logical.

While this seems a logical approach, it does add to the cost of the visit. 

Does that logic and game plan work out ? 

I follow your logic completely, however what is confusing is when I read people saying that you need to "understand your market" to know the rent values used in the analysis.

Not sure if my logic would work, but I would be very careful.

Seems logical.

@Kate Weinberg (and others who expressed interest in this topic).This is almost identical to a situation I found myself in a couple years ago and we periodically hear from others struggling to find a good home for their capital.BTW, average returns for Large Multi-family is 8-12% Cash on Cash or 15-20% IRR for a 3-5yr hold.I am in the midst of writing a blog post about the various options I considered (stocks, private lending, SFH portfolio, Multi Family Portfolio, private equity, REITs, etc) and my logic behind selecting what i did.If it would be helpful, I can share a draft of the upcoming post with you soon.

During a disaster, people are controlled by emotions and don't make logical decisions, so they will give anything to make the problem go away. 

Make sure the answer is clear and logical.

@Daniel Rogers That's my logic, but being that I have not done it I wanted other opinions.