Comp only.

It may not seem to align with RE, but the skills needed to be a rock star in any industry are more similar than you think. 

But, it will offer more upside and alignment with your vision, and you can make it if you keep your costs low and stay opportunistic, learn constantly, and take action every day. 

That's when you have some skin in the game and have the right to look at components in detail. 

Capital expenditures - at some point, major components, appliances (if included) and mechanicals (HWT, a/c, furnace, etc) are going to need to be replaced or a turnover will require a cosmetic facelift.

.§7501,etseq.) property inspection isa non-invasive,visualexamination ofsome combination ofthe mechanical,electrical or plumbing systems or the structural and essential components of a residential dwelling designed to identifymaterialdefectsinthosesystemsandcomponents,and performedforafeeinconnectionwithor preparation for a proposed or possible residential real estate transfer.The term also includes any consultation regarding the property that isrepresented to be an inspection or that isdescribed by any confusinglysimilarterm.Buyerreservestherighttoconductinspectionsand professionalevaluationswithin30 daysofthesigned Agreementforany ofthefollowing:general propertyinspection,wood-destroying insects,underground tanksand wells,septicsystems,toxicchemicals,and environmental hazardsincluding but not limited to asbestos, mold,fungi,radon or lead-based paint, property boundaries,or deed and use restrictions.Buyer reservesthe rightto VOID thisAgreement based upon the resultsofany inspections, a) WATERANDSEWAGECLAUSE:IfPropertyhasnon-municipalwaterandsewagesystems(e.g.wellorseptic).

I don't necessarily think a partner is the only way....A partner needs the highest level of trust, confidence, alignment on goals, etc. 

If the borrower also provides profit upside that could alter certain components of the deal such as potentially a lower interest rate

We followed the steps of what they needed and aligned our accounts up for it.

Rent was minimally increased within a few months to bring the rent more in alignment with the expenses associated with the property.