The same questions could be made about investors, agents, lenders, escrows etc... some will rock, some will suck. 

Or become aggressive, build a Real Estate Business that produces massive income and runs on it's own.  

Daytona is investing millions of dollars into the infrastructure due to the amount of growth and commerce coming to the area. http://www.onedaytona.com/ Also, Hard Rock is building a new complex right on the beach.

You don't don't want to get a $1,000 credit at closing and then 6 months later when a tenant moves out, they produce a $2,000 deposit receipt!

Also be sure to check out with your friend what kind of financial standing the building is in (when was their last increase on the coop fees etc and is there any capital expenditure planned in the near future) as these monthly fees don't go away and can definitely inhibit your ability to produce cash flow from Coops..Hope this helps somewhat!

I prefer to do all rocks because they'll never go bad 

One SFR that produces $1300/month.

Most people in life are simply not producers and are not capable of delivering value on a consistent basis.  

@Tim Booz you rock!

Landscaping is usually desert style - rocks with a few hardy plants.