"Custom woodwork with an artisanal flair."

If the answer is no, be mindful this will create a more difficult sale when exiting the position down the road. 2.

*This post does not create a CPA-client relationship.

Your dilemma boils down to two priorities: maximizing your investment growth versus creating financial stability for your personal residence.

I had a very simple answer to that NOPE I had to learn you have to learn it and I am not going to create my own competition given that so few props actually get sold at the courthouse steps.. 

Create a digital folder for lease agreements and tenant records.

I think there is a weird balance here, among professionals, where people may not want to bad mouth fellow professionals, particularly from the same areas, which can create a skewed picture. 

At the time I looked, 20 or so years ago, the problem with smaller down towns is the proliferation of nearby strip malls, where the stores are surrounded by a large parking lots, and for laundromats, attract more customers as they can park easily, walk to adjacent stores for shopping, snacks, and browse newspaper and magazine racks, which explains why they do better, there's more customers.

We use a custom spreadsheet and DealCheck to break down key metrics like cash-on-cash return, cap rate, and debt service coverage ratio (DSCR).

However LP's entity  both in Canada and the USA treated the same as flow thru's entities and that may be what he would want to create an LP to partner instead of a LLC.