Most of the conversations around absorption have been surrounding the eviction and pad turn risks.

They typically have a past due balance from a mortgage that has not been paid for several months or other issues that take money to clean up. 

I didn’t find out about it for awhile and then there were some screwy things that happened but eventually it fell through several times and I bought it very cheaply.

I’ve seen several posts on social media where they’ll be a downed tree on the property, a few shingles blown off by wind, or some damaged siding, and the poster always says “it’s not always passive”.My question is: what does everyone do with their monthly repair costs?

Since what you’re proposing has perceived added risk, the return would have to be greater than a note with less risk.  

You will likely not cash flow for several years.I own 2 condos that I'm very happy with - they're well managed and in A class markets. 

@Megan KlaegerIn short, the partner owns nothing if they don't partake in any risks/losses. 

If you think $50 in late fees is enough to offset your risk, you are in for a rude awakening.By accepting these late payments, you are giving her the impression your rules are negotiable or unimportant.

And, to follow the lead of a newbie will surely lead you to increase risk and liability. 

We have had several units updated before and after and if I haven't heard anything it must still be OK.