I have also read that having a sizable emergency fund is vital, as well.

It does also cap rent increases to no more than 8.5% which while annoying (probably most especially in NY, where price of living is high), does at the same time help the tenants out as well as helps stop tenants from leaving for no reason other than huge rent increases. 

If you're ever looking to utilize an agent again for tenant placement, I'd be more than happy to help with that as well. :)

You'll also want to come up with the process for dissolution if that comes to be as it often does in partnerships unfortunately. well he is going to give me the money and I will do all the decisions so he will be a capital partner?

There is a a common theme as well and they all come from the same guru who may or may not be mentioned in this post. 

Seasoning on the money from the personal loan could be a factor as well. 

Attention: Beware of Non-Bank Fintech AppsI hope this message finds you well.

I have been having some success negotiating seller paid closing costs to help with rate buy down as well. - If you see a property that makes sense, I encourage you to get an offer in ASAP.

Tons of equity comes over the hill from Northern California, as well as investors who flip and buy and hold. 

AlanI’d like to be able to set up several cameras - perhaps at least 4 - An armed guard would resolve the issue as well :)