Quote from @Josh Young: @Brian Berry have someone buy a lock box and put it on the water pipe on the front/side of the house with some keys in it and just give the combo to people who need it, maybe have someone change the combo every so often if you feel you need to. I

There would be a chance the second investor would pay more year #1, but over the course of that decade he can save lots of money and hassle by just tackling the issue early on and establishing a strategy that scales with him.Don't spend money you don't need to - I approach this issues first and foremost as an investor.

What area in real estate are the skills mentioned above best transferable to?I

With the interest being so low, I wouldn't put in a nickle more than I had to.  I

It is not something I would put any thought or consideration in to. I

My crystal ball is at cleaners this week so all I can speak to is things I know vs assumptions.

I would not get a PM since you are so close, and can easily take care of anything that you may need to. I

As far as the mechanical work goes thats all on him. he will be piping everything to code (hopefully). if he asks you what type of material you would like to use on this project copper is best for water lines as for one copper joints are stronger than plastic and two copper is natural so your not drinking something that was sitting in plastic for god knows how long. now a days the go to is pex which is fine and also cheaper.

One of the risks with a high leverage strategy is the the bank, CC, HELOC provider, can freeze credit lines whenever they decide to. I

Seriously just look at the comps,( I do not have to )  I have done 100s and 100s out there.