And I mean not go in as a Pity Helper, but as an actual investor (a business partner) on a particular deal.What I am saying is strengthen yourself up as your own man with your own business, and then after a couple of years (IF) you get something  that he is comfortable with (and comfortable that YOU can make a profit on for both of you as equal businessmen) he might put some of his backing behind it (which might be a lot more than you know right now).Another key point you mentioned is the oil meetings.

Even when my cash flow equals $0. 

Don't say the price will equal the appraised number, just that it is 288k subject to appraisal at the purchase price. 

In my mind a fair way to proceed would be to either keep collecting and splitting the rent equally OR sell and split the profit and each starting fresh. 

Equally as important...what factors may signal a house is a landmine?  

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

@Cody Godfrey@Mike Miller@Tom S.Here are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.

Is every dollar of payments, repairs, costs split equally across partners for perpetuity?

The world of real estate investment has always equally excited and scared me. 

If you're buying at 15%, there's a good chance that's about what it will end up being, all things being equal.