Hi, I've found two properties I really like and I can't decide which would appreciate faster/ better over time.

In RI, I can get good cap rates with great entry-level pricing, but less long-term growth and more work driving from Boston.

Sooner or later, you will experience fear when you start taking new actions at new levels.

It sounds like a pretty good deal for the area at surface level if those are your cap rate goals.

While the state budget is ugly (for now) we are just a few months away from a change in leadership at the gubernatorial level. 

So all levels are welcome. 

The quicker I trade up, with or without debt, the faster my bundle of benifits are increasing.

@Kevin Bass for a low stress level and safe plan I would suggest the following.1.

However, if things move faster, and he is out and we sell during 2018, do I try to separate out the income/expenses/depreciation from when it was a rental, adjust the basis, and then figure the sales profit off the adjusted basis? 

So far, the partners value is money, and a certain level of trust, as I have known both people a long time.