My advice for anyone looking to hire a PM company is: Review the contract very carefully!

Second since I am a property owner myself and also own a PM company I try to look at it from different angles.If the tenant wants things fixed it many times means that they plan to stay in the property and since they are picky they tend to take care of the home more.

They don't care about the cash-flow, The write-off's are profitable and there looking at the out-sized equitable gains. 

What do I care, it’s going to be the downpayment in 30 days and I get the deal over someone offering more but wants to put down $5k.

But lately have had a hard time finding anything to BRRR or even with enough skin to flip.

If you don't pay he gets the park back and your asset.That would put me at more ease, knowing that you have skin in the game, and are going to pay me.Gino

Since you're aiming to purchase a multi-family property in Long Island, especially with the help of a capital partner, it’s crucial to run the numbers carefully (rental income vs expenses) to ensure you’re set up for success. 

Hi @Jessica Howell,Transferring funds between LLCs and personal accounts requires careful tracking to maintain legal and financial integrity. 

The home is on a septic tank so i need to be specific with septic care.

The other options you are playing with fire as using a HELOC that is paying interest is essentially buying with 100% financing.Having no skin in the game has always been a high risk strategy and people were able to get away with it the past few years due to the money supply and inflation but I would not use that as the measuring stick.