That's the type of effort it takes from a GP if you want to see more favorable splits and even there I was unable to reach your intended 75/25 objective.

What is the upside of retaining this type of asset long term in isolation (likely won't be building a portfolio or 1031-ing anytime soon, but maybe in a decade)?

But if it were the real check why would the company use a hand-written font and then somehow digitally sign it with messy cursive in the same exact ink style as the typed font?

Ask what type of law they do.

With the current market conditions, I can definitely see more of these type properties becoming available in the future.

Now granted Google feeds them for free but those coders and tech folks put in some long hours and there is uber competition there is no punching a clock in those type of places..

The other PM can be a fix-mindset type of person where they are not willing to share anything unless you have a property and are willing to sign a PM agreement in the same conversation. 

I live in a popular vacation town in the mountains of Western North Carolina.

I typed up a message in a thread and clicked post.

The type of rooms students would need or skilled temporary workers, not drug addicts and alcoholics.