At the time of purchase, there were several STR rental properties active in the neighborhood.

You can check their insurance coverage, any active lawsuits they have, their workers comp rate (how safe they are on the job site), and other metrics.

My husband is active duty military.

BNBCalc partners with several data providers for short-term rental revenue estimates (Airdna), comparable properties (Airbtics), long-term rentals, tax information, and property information.Our comparable properties provider airbtics provides "revenue potential" estimates which it defines and calculates as the following:Revenue Potential is the revenue that the listing could have earned if it was active every day for the past 12 months.Formula:Revenue Potential: = (Revenue / Days available) * 365 Example: ($33,500 / 304)*365 = $40,222You can find more info about their data on their FAQ!

Linden is seeing a large amount of investment activity within residential 1-4 unit properties and newly developed facilities, which were ignited by the ONE Linden Plan.

@Andrew Freed, You don't have any issues from a tax perspective with bringing passive and active income under the same entity? 

In some states, particularly those with warmer climates and robust population growth, seasonality plays a less significant role.

Spell out the complete agreement of how expenses, profits (or losses), and other responsibilities are to be split—put everything in writing.Do a background check on the partner to confirm there are no outstanding liens, judgments, or active lawsuits against them.Hope these suggestions help.

Hello BP,  It's been a while since I have been active in the forums or on the platform.

You should first sit down and go over your expectations for the partnership and the roles and time allotted for those.The purchase and management is pretty easy - he handles the purchase and you handle the management.