The ability to turn single-family lots into duplexes or even split lots for separate units can significantly boost rental income and property value.

And if your investor friend’s private loan helps fill in any gaps, it might be worth considering that short-term pain for long-term stability.What do you think you’d focus on first... paying off that line of credit as fast as possible or jumpstarting the renovation to boost cash flow right away? 

My biggest frustration isn't with the deal failure itself, it's more with the operating performance of the GP and honestly I'm not sure how an LP can really determine this.

The only think I hear about hers is it is difficult to have work performed on it by a contractor.

Even if rents are trending up, if your tenant base can't make ends meet, the asset won't perform.

To really make a good informed decision you'll want to look at all of the metrics of your properties performance. 

Most tools give you a glimpse of past performance.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

When you have a proven track record of performance, then you can play with other people's money. 

Some packages genuinely improve property performance, while others might feel excessive.