This is relevant for multiple reasons 1) appreciation is where the real wealth is generated in RE 2) real estate has tax advantages over cash flow 3) in CA property tax increase is capped.  

This also leads owners to ASSUME simpler is better when it comes to management contracts.

This often leads to complacency which is seen by the trail off of attendance at these meetings.

This slippery slope leads to practices that harm clients, damage reputations, and erode the foundation of trust that’s essential in the real estate investment industry.As brokers and lenders, we should celebrate the success of our clients.

A tax account ensures nothing is accidentally spent elsewhere, and a marketing account makes sure lead generation is always prioritized.From a credit perspective, connecting credit cards to these accounts on autopay helps you manage spending responsibly while playing the credit game.

Increase time spent conversing with each lead that you get to learn more about how they view the property and implement reasonable changes accordingly.

Assuming this is in fact a good deal, and your friend is a qualified GC, instead of trying to be the lead investor, he should be searching for someone who has the balance sheet to take down this deal on their and be a transactional participant.

Best thing to do is have it I a high yield savings that is generating money on your money and is very liquid when you need it.

Yes I could do a generator but that is more bother, tell the tenants to turn on the fireplace.  

We basically want property to generate some cash flow and long term appreciation.