Any information you are willing to share about past projects from addresses, scope of work, estimates, line item breakdowns, materials costs etc.  

They have everything from supplies to decor items depending on what you need to stock. 

in our area that is a real big deal.. we did another demo and left a few pieces of flooring an inspector came on our job determined they had asbestos in them and we violated taking asbestos items to the regular land fill.. that cost me 19k in fines and 18k in lawyer fees to keep the fines from being really big..

I am wanting to shed some of my material items to go chase some experience.

If you eventually convert the property to your primary residence and later sell it, the taxes would be prorated based on the ratio of time the property was investment property.These items should be addressed and discussed with your tax and legal counsel to ensure that the exchange is the best course of action given the restrictions and requirements. 

get at least 3 quotes, have them itemize every item and separate labor cost

.- Capital Expenditures (CapEx) – Big-ticket items (roof, HVAC, etc.), typically another 5-10%- Vacancy Reserve – Budget for 5-8% of rent to cover unoccupied months- Property Management – If hiring, typically 7-10% of rent; if self-managing, consider time value along with many learning experiences that can and will be costly.- Utilities & Fees – What will you cover vs. the tenant?

No business can humanly exist selling say a loaf of bread on Monday at one value, and come Friday when they go to reorder items to produce more bread, 10% of the sale $ they took in has evaporated into thin air. 

@Kyle Scholnick There are several items to note here.

Below are key items I've seen in teaming agreements:Ownership Interest: Define each party's ownership percentage based on contributions like the down payment and ongoing costs.Financing Details: Clarify who pays for what—mortgage, closing costs, renovations, etc.Expenses: Outline how regular costs (taxes, insurance, upkeep) will be split.Management and Maintenance: Decide who handles repairs and improvements, including decision-making processes, funding, and responsibilities for performing or managing the work.Single Decision Point: Avoid deadlocks by assigning one person as the final decision maker.Dispute Resolution: Agree on a method (e.g., mediation or arbitration) to resolve conflicts.Life Changes: Plan for marriage, divorce, incapacity, or death.Exit Strategy: Define how a party can sell their share, including buyout terms and a method for determining the sale price.Rental and Use: Define the rules for renting out the property.