You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.

Once you've been burned by one you will vet the rest as if their auditioning for an entry level position at the CIA.

At a glance, it skews as a better deal for the money partner, because once the sweat-equity has "paid off" their half, they are (likely) continuing some level of management responsibilities that the money partner isn't worried about.

In Saudi Arabia & Iran, just to name two, the governments, propped up by oil money, have huge unemployment system benefits aimed at young people (under 35) because of their massive, permanent unemployment levels in a demographic that, if it's not working, is getting into trouble and fomenting revolution.

The parking lot is almost on level with the creek so it doesn't take much for it to overflow into the parking lot and basement of one of the buildings (currently there is a 2 ft berm built up from prior owner. 

This is an interesting question in that what is your level of desired commitment to the investment?

We flip and sell every two years, our income levels are not exactly great but as two mid 30s with no kids, spoiled dog and a couple monthly payments were sitting great yet. 

A landlord can not require a resident to not be a slob and pick up their clothes off the floor, or take their trash out daily.

At the end of the day, it is truly market specific on the level of cash flow you will receive.

You are already used to this lifestyle so it's not a big deal, and that alone is going to put you on another level when you decide to make the jump in to REI.