Start playing with the "make your own" list function.

Folks will buy a good product at the price you ask for it if its fair, regardless of what you pay for it.

We think we're going to see how it plays out for a few months before making any changes.Launch is always exciting and everyone wants to be part of it, so we think attendance will drop to a more manageable number between 100-150.

Be firm but fair.

Best case: They come, look (or not), find it ok, give you a virtual slap in the face while you play the dummy innocent novice, and they approve it.Worst case: They put you on chains, have you bust up the concrete yourself, and practically have you rip it all out and redo with permit and licensed plumber, plus fines.Or anything in between.

Vacancy and competition should play a role in your decision too.

How do you determine a fair market value of his home before I meet up with him?

I was very tempted to accept them just because they traveled so much, but there was a fairly wide age gap and I think I wanted them to be more of a good roommate match than they really were.

As I connect with more and more investors, of course naturally the topic of partnering up comes to play.

Brian H, your calcs are pretty good, but I'm fairly sure (I know I will vehemently corrected if wrong ;) ) the TI part of the PITI, would be considered in the 50% guideline, so you would be counting them twice here, also PM is generally costed out at 10% so his expenses would more be...12*1970 = 23640His running expenses without PM would be 3665*40% *12 = 17592 - his tax and insurance already considered in PITItherefore he would be $2748+TI positive for the year.However he may have some deferred maintenance etc if there is a 50 year old water heater sitting in the basement.