Thanks for the encouragement! 

I encourage you to consult with a qualified attorney to ensure this agreement complies with applicable laws in your area.

Better yet, encourage her to make a clean break....perfect time for a fresh start.Also townhomes are rarely a good investment vehicle. 

It is standard practice and component level depreciation is encouraged by the IRS.Though it is very important to track you time as you go along.

Do 1 thing, stabilize the property, and then move on to the next.On the short term rental, I would encourage you not to partner.

@Tannia CastroRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Also, I'd encourage you to think long term. 20-30 years from now, it won't matter if you bought your first property now or 3 years from now.'

For those of you looking for accountability opportunities, and small group masterminds I encourage you to join me at Momentum 2025, it's an 8-week summit with weekly virtual courses and meetings.

@Meghan Carson: Thank you so much for your kind words & encouragement—I really appreciate it!

This is a great point. and encourages me to keep monitoring and changing the price.