“In the future, work with them directly to reduce any delays as I’m not always available.”In other words, if you ask me, it’ll take a long time to get a response!!

Thanks I just want to reduce my markets to a manageable amount.

I am a big fan of this "value add" investing strategy, but everyone has a different risk profile. 

Also, with it now being August, I worry about it being late in the rental season and was thinking about reducing the rate to get it to move.  

Was able to reduce electric about 60% through energy efficient upgrades, and then put rooftop solar on the place (going in now, permits for commercial are a pain in the @$$....Will nuke out the power bill, just have a few bucks for connection fees.  

., is willing to negotiate a reduced payoff however. 

The theory was this would limit risk and lead to higher quality, longer term tenants that would be less likely to give me headaches. 

Or he could pimp women out of it.Every tenant carries risks, even the perfect tenant.

I also want to to start investing with my brother and father we are about to close on our first deal. we figured between the 3 of us we can save up for down payments faster and spread the risk as well.

Sorry, I should say:If your friend is highly risk-averse, or doesn't qualify for financing, then this isn't going to work.