I'm with a third-party Property Management all over Houston managing a little over 300 Single-family or Small Multi-unit rentals!!

Quote from @Max Pergament: Quote from @Matthew Irish-Jones:Licensed and insured to manage third-party properties. 

Certainly nothing ground-breaking in terms of ideas here, however I'll be very hands on (and on site) during the process to make sure that every step of the way is executed to a high standard and very carefully.Once I've hopefully developed a successful track record and gained experience, my next goal would be to move on to commercial assets (think multi-family, industrial etc) so that I can leverage my existing investor network and real estate knowledge to raise 3rd party equity and take on bigger projects.

This part is a foregone conclusion for me, but what I am still working out is next steps.

THEN, the 3rd party adjusters come out (SOME ins co's still have hourly or salaried adjusters, like State Farm, but most do not) and those adjusters WANT to total a property, even if it doesn't have damage!

But any improvements are at your risk.. the redeeming party just owes you your cash plus in our state 9% and any VERIFIABLE expenses you paid to protect the asset.

I am trying to find a way to make this dichotomy work where both parties can profit. 

Proper planning will protect both parties, maximize tax benefits, and make your venture a success.This post does not create a CPA-Client relationship.

I have people ready to give the funds, I just don’t know what’s the best set up that makes it fair and attractive for both parties.

In any disputed court action where the court resolves the dispute and determines the prevailing party, the court shall also award to the prevailing party its reasonable attorneys’ fees and costs and the non-prevailing party shall be liable to the prevailing party for payment of any court awarded attorneys’ fees and costs.