shoot I won't be back in time for the meeting!

those that don't live there and have to rely on 3rd party management and maintenance are just setting up your next buys at some point in time.. we call that burnt out landlord syndrome..

I have no issue relying on appreciation but you need to be confident of the appreciation ideally by being intimate with the market - hoping for appreciation does not qualify.Is there a reason that you have chosen Phoenix? 

So it doesn't factor in time, which could change the return sometimes dramatically over say, 3-5 years for the buy/hold types.

You both are putting in time into the deal as well.I would personally ask for better than a 50%/50% split. 

Demand is high from both owner occupied and investor Purchaser ....strong competition.....resulting in bidding wars.   ... all will need some degree of updating which is expensive both in money and in time!    

To me, the express payouts are worth it because I don't keep a lot of operating capitol in my property management bank account and don't want to risk my auto-pay mortgage payments bouncing if the rent hasn't deposited in time.

I had a kitchen fire in a rental.Damage was limited to the stove - fire dept got there in time to keep the house from burning down.

I feel like that lapse in time could jeopardize a potentially great deal.

This would be an option if I was unable to find a good property in time to satisfy the 1031 deadlines. 3.