I'm starting a local CashFlow Meetup in Berkeley, CA, for the greater San Francisco Bay Area.http://www.meetup.com/Berkeley-Cash-Flow-Club-and-...This is just to come together  play CashFlow game, get to know other investors and discuss various RE stuff.  

How foes the lot next door come into play here, should I not even look at that as part of the deal as far as numbers are concerned?

I was wondering how the currency play works between the Aussie dollar and the U.S. dollar.

Think of it like creating an entity that exists specifically to play the role of the character conducting business activity in your best interest, that will also play as the role of the filter for anything earned or owed.

If he wants out, he has to be willing to budge on asking price.That's how I would keep trying to play it for now -- negotiate hard to get sale price down.

Location could also come in to play, if there is a shortage of rentals of one variety or the other then you may find that the property in demand is the way to go. 

I'm 23 and have been playing music since I was 5.

Do this at the time of contract signing so he has an incentive to play ball.  

I like shorter payoffs, but you must do what you are confortable with, to play a lttle game, sounds like you are looking for a 1% property and your father-in-law wants to see you in a 2% PROPERTY FOR HIS LITTLE GIRL...hmmm

It sounds like he's playing hard ball.