I rented my Lakewood double in two weeks last December (worst month here due to weather) and had my pick from 4-5 very strong candidates. 

This may sound harsh but, there may be a way to have your partner's share applied to the lien and for you to hold on to your share and be able to invest it through the LLC you will set up with a portion thereof.

I always stress test my investments to predict whether they can weather an economic storm.At the end of the day, this might be an indicator, but it also might not.

(better weather for Tenants and Contractors) and you need to rehab a bit before renting/leasing out the unit, you still need to advertise the unit for rent and proses applicants to keep the unit 'in service'?

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The properties are under rehab, they usually say it can take anywhere from 10-12 weeks once they start the rehab but due to bad weather this year, it is taking a little longer for the rehab on those  properties.

Your pre-populated lease should have a clause in it about proper maintenance that would allow you to collect from them or at the very least split the cost.It may be a good idea to write in a clause about conditions during extreme weather like a minimum heat temp that must be maintained, or requiring winterization when gone from the home.It would be nice if the lease covered EVERYTHING. 

It's also where we are building a new spec house when weather allows. 

I have been doing this since the early 90s and have weathered a few downturns. 

Having worked at my dads business for 4 years i do know what it is to work in different weather conditions and get dirty.