I only charge markup on maintenance if it's a larger project that requires more coordination, supervision of the work, and inspection after completion.

I was also going to ask if you'll have access to the property - many lenders will require an appraisal.

A partnership requires three things to be successful - Experience, Capital and Time.It looks like you have the capital and experience but maybe not the time.I have my doubts about this working if you have a friend who has weak credit and a limited cash flow.

Even a single family builds can vary significantly based on site conditions and required structure/design.

The world of real estate has changed.The result of the lawsuits is that a REALTOR® is now required to have an exclusive buyer's agreement before stepping into/onto any property on a potential buyer's behalf.

If you sell your only overachiever to go with a more leveraged position, you could have 2-3 properties that may cover themselves or even provide a little profit, but when the rental markets shift (and they do), now you have 2-3 properties that all require you to supplement for their shortages. 

The US taxes global income which dramatically increases the reporting requirements.

Most of the PM work is done on the first 3 months of the management, then we can recoup our expenses. 2. this Is legally required.

We forbid TV mounts, shelves, or items that require bolts, anchors, screws, or large nails.

In those cases, the title company guided us on the necessary steps to resolve the title issues, and we did whatever was required to close the deal.