And when utilizing private money, either debt or equity, the time-frame of the exit is a function of that private money wanting out - most often rather quickly!

Since you're a one on one partnership it should be easy enough to understand what motivates him. 

Sadly horizontal sliders are at the bottom of the efficient window design hierarchy.I love the look and functionality of casement windows and they are very popular here in my part of CA as they are often used in the Spanish Revival style and restorations of the CA bungalow style.  

With that said, you're kidding yourself if you think that any SOLID investment is available in abundance.My firm's core function is assisting investors locate sound investments here in SD.

Cap rate is a function of NOI.  

In my first few months, I've done one wholesale deal, am just finishing my first rehab, am buying an estate house and flipping it almost immediately w/ seller financing, have entered a partnership w/ my mentor to flip another house, and have originated a few private lending transactions.     

If you do come across the format of the partnership drawup, please send me a copy as well. 

Its completely overkill to have it pumped annually if its functioning properly, but it will ensure that any problem doesn't have enough time to ruin the fields.Last thing you can do is make sure that your tenants don't physically damage the tank and fields - find a way to mark off or block off the area over the fields.

The house had brand new paint and every thing was functional and very clean at the time of rental.

You want to first have a partnership agreement in-place with your friend.