I always just explain nicely that it’s my company policy to deliver the required notice and collect the late fee as per the lease every time rent is late, no matter what, sorry no exceptions for anyone as I treat everyone equally and adhere to the lease agreement that we both signed.

Quote from @Aaron Wolman: I would call the companies (gas/water/electric) to get estimates, or an estimator out there.

I would spend money to enhance and update to current standards the search functionality and person to person tagging so it's easier to find stuff.

As a property management company in Washington, we help owners navigate these challenges and optimize profitability if they want assistance analyzing their property or planning future strategies.

That is just what I am seeing personally, and I work with investors all over the country. 

Thank you,KVBelow are my answers to some of your questions that I feel qualified enough to answer and then some of my personal thoughts on where to go from here."

Avoiding accessive PM fees (personally I recommend most people self-manage)These will eat away at your ROI.

K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.

I own a home improvement company and also completed a flip with great ROI.

I have not done it personally but have some insight, maybe my reply may boost your post to someone with more experience in it.