What if your partner wants to sell before the rehab is done and you want to keep going? 

In the 2024 insurance market, CA is hard to place, so even though you could force them onto a single policy, it may be more economical to keep them separate.I'll send you a note with the carriers who can do this for you.

If you self manage I would still keep property management cost in mind if you change directions. 

But that honestly looks like it is all set up to try and be a banking solution (ie, get as many users keeping money in BaseLane's bank accounts so they can make that sweet sweet float on the interest.

I will be keeping in touch as I become more active here.

I think the biggest issue is the fact that the agent didn't disclose this from the beginning and it seems like he was trying to keep it a secret.

You'll lose rent while property is vacant, and you'll probably have to do more repairs to attract a new tenant than you would to keep the current tenant.Is all that worth requiring a tenant to use one specific payment platform?

If you PM me I can get you in touch with a processing company with fair rates.

They are expensive, but that keeps only the serious players coming back.

My realestate agent keeps pushing me to sell them individually, and I really want to keep my tenants with a landlord.