Your client should consult a real estate attorney to draft an agreement with the ex and ensure there are no legal or tax issues, especially since this is an investment property.

Consult eviction attorney regarding commercial; I'm specifically a residential PM and commercial usually has different rules because of the nature of the investment and occupancy (tenant doesn't [usually] live there)

•Offer free rental evaluations or investment property consultations to attract investor clients who may need your services long-term.Final ThoughtsIf you structure your marketing the right way, combining your PM and real estate services under one brand can be a strength, not a weakness.

If you plan to invest in multiple states or require advanced asset protection, consult a CPA or attorney to explore options like a holding company structure.

But I like the idea that everything's under one roof with their Platinum package and get unlimited consultations, emails from their legal team as opposed to billable hours.

If you’re leaning toward adding more units sooner rather than later, consulting with a zoning attorney or architect could give you a clearer path forward!

Consult with a qualified tax advisor who understands these limitations and can help develop a comprehensive strategy aligned with your specific situation.Remember: The best tax planning looks beyond immediate deductions to your complete financial picture.

Yes I agree you need to have a phone consultation with an Attorney.

If you're going to do it alone, make sure you your due diligence: estoppels, inspection, review, consult with a local attorney familiar with the local regulations, etc. and good luck.

Consult a qualified SDIRA custodian.