If your goal is financial freedom, choosing the right location is the most important investment decision you will make because it affects all long-term income aspects, including:Whether rents keep pace with inflation is crucial.

This structure incentivizes the GP while offering LPs a fair share.Don't forget the preferred return aspect, which is typically around 6-8%.

I define true demand not as mortgage applications but qualified buyers.

Jimmy, define "decent".

This can be less adversarial and often less costly than going to court.Given the complexities involved, especially with real estate investments and an LLC, it's advisable to work with professionals who can guide you through the financial, legal, and tax aspects of the division.

I worked for companies that had full time people that did aspects of this.  

Now this is how I define them.

Expertise in property management goes far beyond finding a tenant and managing repairs, and includes well defined processes for managing these things (which you mentioned she is lacking).As far as finding a great property management company, Keyrenter Denver is great, although I'm not sure they manage in your area.

I am confident in that market.I am okay with the challenge of it being harder to manage a few different units at the same time - and I would be on-site at least for a year.Investigating the market is simply a time and money aspect.

Document every aspect of your project to analyze what worked and what didn’t.Networking with other flippers and industry pros can also provide valuable insights.