It sounds to me that neither of you have defined the partnership in detail.

Are you looking at the taxes in this type of detail when analyzing a deal and if not what formula are you using when you run your numbers.

I will lay out the details of the property and the city it’s in and what I think about that town.

My plan is to get a prepaid list of fresh probates, have a detailed mailing campaign, make phone calls and have a means to close deals.

I prefer that to having the agent walk around and show me every detail. 

Note: If you go to the same meeting each month, you can do detail tracking for a month, and can use same detail to estimate expense for rest of the year.( If nothing changed)2) Meals when traveling away from home - 50% is deductible unless the meal is provided to the general public (like Open houses) than it is 100% deductible.

If you want more detail after using the county website ask the home owner to give you a tour or have a great real estate agent that can provide off market data to you.

You should start with a general idea of price point and strategy, which should get you narrowed down a bit, then you'll want to look at job and population growth (City-Data.com) and get a feel for each of the markets, once you have selected a market you can go a bit deeper into sub-markets and unique details of the market as a whole.

Send me a PM and we can talk details if you’re still in need.

@Nimster Win Would urge you to never disclose your private details on the Internet.The restaurant/cafe industry has one of the highest failure rates of any industry.