They have have done a great job outlining all the possible things that can go wrong and what  can go right.  

The PPM and Docs are customized for your project so you will need to have it outlined upfront on the structure and payout (is it pref equity, debt and the capital stack etc).

., repairs, management, communication with the seller).Exit strategies in case things don’t go as planned.When you do find the right partner make sure to create a joint venture agreement that outlines all of this clearly.

In the end, you have to decide the cost / benefit / risk / reward of doing one makes sense in your situation.COST - You have outlined some of the costs, but not all. 

And, I think most women would choose a midwife that has gone through pregnancy.Like the OBGYN situation, there is a lot a CPA may not know about the rental business from debiting and crediting some journals and filling out line 242 on some Turbo Tax input form.And, understanding the operating details of the rental business are just as different from preparing a tax return as being pregnant is from delivering a baby. 

Work with a real estate attorney to draft a formal agreement that outlines responsibilities and protects both parties. 

That outlines who gets what, and you avoid probate court.

Outline your goals and ask them how they can help you achieve those.

Let's talk about the 'upcoming economy transition'.Right now, investing in private placement syndications makes even more sense than ever. 1/3 of the dollars every created were willed into existence over the last 1.5 years, and with the cervesa sickness policies enacted, this is driving the dream of homeownership more and more unaffordable.We are going to see record rental demand going forward with huge housing unit shortages in many markets.Both passive investment in syndications and buying SFHs can fit this role, but owning rentals suffers from all the issues I outlined in my first posts.I'm usually funding 4-6 deals a year, and even with this cash position in portfolio is getting uncomfortably high.

The lease agreement is quite vague and doesn’t outline responsibilities clearly.