Just outline expectations and roles, and what each of you guys are going to do, and how properties will be acquired and how they will be disposed of, and how and when money will be taken out of the company and you should be good.

For property management, choose a company with a good track record in STRs and transparent fees.Happy to connect with anyone looking to share insights!

And yes, you could engage with a Turnkey company as well. 

Demand termination of the contract and transfer all documents, funds, keys, and anything else they have to you or the new PM no later than [DATE].

I've done a few deals where the bank offered purchase + rehab funding up to 75% ARV, and then it converts automatically to a normal mortgage loan at the end of the rehab. 

Quote from @Catherine Ding: My PM company is offering to do it for a high fee of $100/month so I'm trying to find alternative options.

I would like to start connecting with lenders, attorneys, realtors, title companies, and all other professional in the SATX commercial real estate market.  

Insurance companies are always looking for MTR that are furnished like ours  never stays vacant more than a week.

I would be happy to share with you Property Management companies and assist you with any advise if you send me a DM. 

The reverse mortgage company wants buyout and I dont have over 200k to pay out.