My wife and I have very different understandings of money and of debt and of risk, but we have conversations and spreadsheets and sheets of paper with math and 'business plans' and we make decisions together.

The lower price points on paper do look better but those margins can get wiped out.

Is mostly cosmetic, our plan is to redo the wall properly and extend the toilet room to make a true 3/2.

To be transparent I had disorganized mess of paper notes, receipts and spreadsheets - it was a huge stressor. 

It looked like a good deal on paper, but the market fundamentals just weren’t strong enough to support long-term growth.That experience taught me that you have to look at market trends and use that information to help guide your purchase decisions.Bill Whitley

I'd hammer it out with your potential partner on paper first, then take it to an attorney to clean it up & consummate the relationship.

Check the toilet/bathtub for any leaks.

Test it on paper before swinging a hammer.

Check that the taxes and insurance numbers are realistic — some brokers leave those out to make the quote look better on paper.

Deals are not done until you sign the final papers 😁I use stessa.com to manage my rentals and I don't pay anything.