I a fairly new at this and panic every time I have trouble with the analysis.  

I think this is just a good record keeping bill, and is fair to those involved. 

We do analyze time versus cost, and when it's fairly obvious what the cost will be, like changing your oil, it's easier to make that decision.  

No it shouldn't, your concern should be are you paying a really fair price of $60, and not if I am making $1 or $30, greedy people will want a chunk of the $30, but never offer to give me more then the $1 when that is what I'm making. 

A true buyer will put skin in the game, spend money and get inspections done, and make a legitimate attempt to close the deal if the inspections clear.

I'm fairly new as well in the Jefferson/Orleans Parish area.

I do not have any pictures of the properties yet but the owner stated that it has fairly new hardwood floors and the only thing that it needs is a new thermostat.

This other investor is a fairly ethical man.

We have to because of Fair Housing Rules (If you have a single unit that two different people applied to and received different results because of different application methods even though they have identical background checks, that is a fair housing violation).

There funds have fairly large minimum investments over $50k typically.