It also syncs up nicely with Google Drive, so you can access all your files this way as well as using all of Google Docs apps.However, it is very limited in its functionality as it does not have an internal processor - everything is run through the machine's browser Google Chrome.  

In regards to your concerns, you should put together an MOU regarding the terms of your agreement with performance clauses protecting both parties, and eventually lead to a JV agreement.There are several other methods to protect yourself as well as the owner/seller, however, too lengthy to write about.Don't be too greedy, otherwise it will limit your relationships and longevity. 

I am guessing you have time limitations due to your day jobs?

My credit score itself is excellent, and everything else, job history, income, reserves etc are A+, but because the history is so limited, the underwriters are unwilling to book my refinance loan at the moment.

Up to now his loans have been B of A and WAMU and did many loans before the crisis took the limit down.

However, I have the same limitation as other would be investors(low cash).So I'd like to ask both the vets and the rookies...

Your involvement is limited to the sale of the unique "Equitable Interest" in the property which is considered to be property similar to a car, not real property.   

In my very limited experience the pros are that the profit margin can be very high & you can sometimes either pay for the home in cash or pay it off very quickly due to its lower value.Cons, because of the lesser value & the neighborhood it may be harder to sell if you ever decide you want to unload it.

But an individual with their unique risk tolerance is mostly limited by their perceptions instead of reality.  

I'm currently evaluating value add MF deals in Texasbased on what I can glean from my limited experience, sources of upside include:1. class c property with below market rents - potential to upgrade units and improve efficiencies to get to market rents2.