You don't lose any money by doing that, of course, but you don't make any either.I know the reluctance to condos runs deep, I bet well more than 80% of real estate investors share that reaction, but I wonder if it's from their experience or if it's just that they are repeating the same thing they hear from others.

those are all Morris invest markets that is what I bet spurred this question..  

As an aside: Contact your credit card company and tell them what happened and most likely you'll get a 'charge back'.

I have a loan strategy question that I bet will help a few people in similar situations! 

There has to be some form of a written agreement on who gets what of the profit, who's in charge of maintenance, what happens when a partner wants out, who's on the loan/title... etc  I find it hard to believe that this person wouldn't just take this deal and run with it on their own since they are funding everything with their money and I won't be giving a dime.

I charge my tenants an $80 flat fee for water and trash. 

That's considered "neglect" or "abuse" and I would seriously consider charging the tenant for at least a portion of the repair.In the future, you should only renew after a complete review of the tenant's payment history, communication, care of the home, etc.

Also there is a laundry room that he currently doesn’t charge for, I’ll be adding coin op laundry and charging a small amount. 

My lender is charging me $2400 for the rate lock.

He is charging me $2400 for the rate lock.