If they file the lien, have my attorney send them a letter to remove lien or prepare for suit4.

You can have digital locks to allow access to the units, books with directions to restaurants and attractions, full or partial kitchens so guests can prepare their own food, emergency contact numbers that can be someone else’s so you can be completely hands off if you wish.

To get the most of the meeting come prepared to share your experience, what your're looking for and what you can contribute. 

If I sell it or rent it out to someone else, I could be assessed damages of at least $10k or the purchase price.It's totally unrealistic for anyone to move in in 60 days based on the condition of the property.I'm prepared to pay asking price all cash ASAP.

Do you know all the expenses that you are entitled to deduct.The main ones are real estate taxes, mortgage interest, insurance, repairs. however, there are others.Once you file the partnership return, do you know if you will be entitled to take the losses(assuming there are losses) on your personal return.I think preparing your own return is great if its simple and you don't have major investments like real estate.

Im not sure of the legal contracts or anything that I need to have drawn up and I would hate to get off into this business and go negative in legal fees because I was to hasty and ill prepared on making the right decision but at the same time I don't want to pass up on the money opportunity to get myself and my business going.

Is there a minimum monthly income, like an actual figure, that I can aim for, to be better prepared next time?

I'm willing to put in the TLC and I understand that home purchases may be slow during the winter, which is coming, so I'm prepared for a good few months of holding costs.So, thoughts?

But as the saying goes, "hope for the best, prepare for the worst."

Preparation is key; break the above rules at your own financial peril.