Not saying anything about your relationship, so don´t mistake me, but one of those two conversations has worked out much better - my wife, while understanding that we work to enjoy nice things, agrees that our focus needs to be our investing.

This leg is meant to fund your retirement.

Originally posted by @Hattie Dizmond:Interesting... try not to make too many assumptions -- especially of the thoughts and intent of others and questions meant for others. 

This is simplified a bit since the buyer would look at the lengths of the leases and the strength of the tenants etc. but cap rate is only meant to look at one year NOI. 

The circumstance of her illness meant that we struggled to put our minds on anything else, most days. 

@Dave Dagostino - when I said survey, I just meant he walked through the house to take the internal measurements for a room-by-room layout. 

@Ron T.  

@Chris Sukala, I thought buying "turnkey" meant necessary rehab was ALREADY completed!

My prediction is that this wealth gap will grow further in the next two years, but if our economy tanks again, or we hit real inflation, you can expect social unrest, cause I sense a sh*t-storm brewing from my vantage point here in SF, with all the protests about middle class people getting priced out.

Basically, a PL wants to have comfort in your ability to do what you say you will do, and have protection (a note, D-T, lender's insurance, hazard insurance, etc.) if your project catches fire, you die or are incapacitated, etc.