I have come to realize I need to use a good and fair contract with a meeting of the minds.

@Jonathan Greene I don't mind them generally but when they raise huge amounts for syndications that go south that is another story.

It is just nice peace of mind that you don't always have to be available if their is an urgent maintenance issue.

When I need something done fast, I can count on them to squeeze me in.Keep in mind that if you need the cheapest option for your deal to pencil, you probably should not be buying that deal. 

Do you mind sharing who is your eviction attorney?

Converting the partnership into a Tenancy in Common (TIC) could work, but keep in mind this requires dissolving the partnership structure and redistributing ownership, which may have tax implications depending on how it’s handled.

Greg,You just blew my mind!

Quote from @Jonathan Greene: There are so many new operators in the STR field now, and the questions about certain things are mind-boggling.

I know some good people that have went to dinner, had a couple of drinks, drove home, and got pulled over.

Another important thing to keep in mind is that markets with strong cashflow won't typically have as much appreciation.