Hey @Joe Gore no time to make $5k is cool ... but might want to check the spelling on properties on your page.

@Garrett Brown glad to know we see eye to eye on valuable STR content and proper spelling! 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Luckily, it's directly spelled out in our governing documents that assessment debt can't be passed from previous owners to new owners. 

@Orlando Glez-JorgePlenty of lenders will lend on this - if you go to Facebook and search for lenders with 100% financing with financing spelled incorrectly, they say they lend at 3% and loan amounts from $5,000 - $50,000,000These lenders will approve you all day long, then have you send them $5,000 upfront.

A lease can spell out rules and expectations and its more than just a contract its a way to COMMUNICATE between parties.

It will be spelled out there for sure.When you provide notice: ensure you do it correctly.

Everything is spelled out but it is a slog to work through all the info.

If one partner is more capital intensive vs others all that will be spelled out. 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.