One is a pain to get rent from, and the second pays on time every month, but man oh man is her apt. disgusting.

Those HD/Lowes trips are a pain & a waste of time. 

I can't drop names here but they are super easy to google up I am using my own sub-meters and its royal pain.

@Darren Crawford, Being from San Diego also, I feel your pain.

Forget the "he's hard to read".. just be yourself and respectfully ask straight out.He will see EVERY PLUS and MINUS in any deal immediately:Every tax advantage & disadvantage for him and for you.He may propose adding you to title and you taking over managing the property and splitting the positive cash flow monthly.That will make executing his estate easier in the future.I'm 63 and I can tell you that when you get older it's a pain to be the first contact for tenants in multiple properties-- you never REALLY get to relax or be at peace on vacation.There's always a list of maintenance items to keep up...

To the counter, if you began by sharing with the developer that you're value is $450k because (insert BATNA)", then the developer has a real number to evaluate and they may psychologically be in a place to like that number instead of feeling like it is "just too far off."

My CAPEX and maintenance budgets for a partial year 1 and full year 2 were decimated, leading to a lot of unnecessary stress and painful situations.Set aside that money now, and either be glad you did or thankful that it potentially won't be needed.I'm sure John can help you with those estimates, but this is one semi-newbie investor to another with probably the only advice I'd go back and give myself buying my first true rental that I didn't already think about or know.

What a pain it’s been.

This was a bit of a pain, which is why I don't plan to incorporate rehab costs in my loans in the future.

I feel your pain Rachel.