There are a lot of things to consider: how much each partner puts in, how much each one takes out of cash flow and upon sale, who will be responsible for managing the rental, who pays for repairs or improvements that can't be covered by cash flow, what to do if a partner fails to uphold their end, what if one partner wants to get out of the deal, etc.

I have to imagine that whatever is going on with him is seriously impeding his ability to live a happy life, and chances are strong that there is treatment that can really improve his quality of life.

@Chris Geer our applicants are considerably improved. 

Account ClosedDoes your $200-400 per month include holding back money for capital improvements, routine maintenance, and vacancy?

I’m looking for some insight from home buyers and real estate agents on a problem space I’m exploring related to the real estate buying process.CONTEXT -- It’s predicated on the following hypotheses:#1: Real estate agents spend a significant amount of time on client interactions with buyers - particularly answering their questions and improving their understanding with regards to contracts/documents on purchases, timelines of transactions, and how real estate processes work overall.#2: Jargon, bloat, and esoteric concepts in the documents/contracts make it intimidating and daunting for the home buyer to successfully parse them without the time, effort and most importantly trust of their agent.

That way if the market does correct (I am of the opinion that the FL market is in too high demand to crash, but there will be a correction soon), you have some room to weather the storm with either cosmetic improvements or rental increases.I am active in the Central FL market, feel free to reach out if you need help with analyzing any properties in the area and I can give you my insight. 

I've made several improvements (kitchen & bathroom refreshes) to the property *with owner approval* to increase desirability thus increasing how much we can rent it out for.

So you can offer to pay for it yourself to help improve your offer or else the seller will have to pay for it. 

PriceStick to this formula and your negotiation skills will improve.

Your agent can help you identify areas to improve the home before listing the property by recommending the most important things to focus on in your home improvement project.ConclusionHiring an agent is one of the most important decisions you can make as a seller.Traversing the unpredictable path of FSBO can be devastating, especially if you’re a first-time seller.