Because if not, I just see it as the same financial rewards but with more risks and work.  

No risk, no reward!

The downside, no big rewards.

I think I've just reaped the rewards of living in a construction site for a few years.

However, the reward is huge, as we will now be able to afford for me to be a stay at home mom in a high cost of living area due to the net profits we make from our rentals (plus my husband's salary).So, I'll be taking the last 4 weeks of my pregnancy off, making today my last day at work. 

@Eric Harris  This is not  the loan to rehab the property with as that needs cash draws and an exit strategy --- Those get priced as a construction loan and are short term.This loan is the exit strategy to a rehab project - as the loan based on rental income....and a stable lease...not a vacant shell with all the windows broken outTo get a REHAB interest only loan .... will be a short term 12 month or less loan interest only at 10%+ rates....and your skin in the game will be needed to acquire and fix the property.We have a lender that does both --- and that saves $ on the costs as the same final appraisal is used and only one underwrite...but these are two different kinds of loans....with very different terms...The costs of the rehab loan drops with each finished rehab completed....as experience and track record are rewarded.

The AC unit is the oldest I have ever seen in my life (I found out after the snow was gone - shame on me) and needed to be replaced.One of the best rewards is to receive positive feedback from neighbors. 

. - and we are poised yet again to reap huge rewards that are available in this recession proof and inflation proof asset class. 

Consider risks, rewards, and incentives clearly for both of you entering the deal. what can ensure 100% your not screw you up this time. you have too much to loose. good luck finding a better partner.

That's just great.You got knocked off your blocks but you got back in and got rewards.