That happens once every leap year or so ;)I am satisfied with 5-7% per six month deal, depending on factors such as probability of success and so on.

@Joe Gore I'm tagging you so you see this reply @Bill Gulley processing your buyer through an RMLO is how to satisfy legal compliance with this stuff Ok guys, lots of misinformation about SAFE act seems to be going on here.

I agree with Duncan Taylor and I would add that whatever you put in, make sure it's durable.

If others just get a months rent and deposit, you'll have to be satisfied with that.You do want one full months rent, regardless of move in day.

You should be able to come up with realistic cost estimates to satisfy their requirement.

As a property manager in Rochester NY I am so happy to hear you are satisfied with your management company!  

There are a list of items to be satisfied or what you're attempting will be legally unenforceable.Set the amount to high and you won't be able to collect.  

The lien will have to be satisfied in one way or the other in order for clear and marketable title to be convey in the property's sale.

Would they give contacts or customers who are satisfied with them and those having problem would be under the file

The deal doesn't have to satisfy all 5, but it should satisfy at least 2 (I like at least 3).If you are not prepared to move forward having the knowledge I listed above, then you need a third partner that has that knowledge...and you need to get that knowledge so you can go back to just the two of you as partners.While you do your first deals together, you should also be building up your cash/credit so you can go alone if that is your ultimate goal.