Thanks for all the suggestions in advance. stop being so patient and take control of your site get a lawyer stop letting these guys push you around. if you need help give me a message I'll call them up and see why they are stringing you along 

Can't say I'm a fan and see this as frame work for rent control which is likely next.     

It would be great to do an episode on investing in rent controlled markets and bring on investors from Los Angeles, New York, Oregon, etc.

You'll save on labor costs and have better quality control.- Start small: Begin with a modest project to learn the ropes without overextending yourselves.- Create a detailed business plan: Outline roles, responsibilities, and how you'll handle decisions and potential conflicts.- Build a network: Connect with real estate agents, wholesalers, and other investors to find good deals.- Educate yourselves: Learn about local market trends, zoning laws, and permitting processes.- Set realistic timelines: Account for your full-time jobs when planning project schedules.- Budget carefully: Include a contingency fund for unexpected issues.- Focus on high-ROI improvements: Prioritize renovations that add the most value.- Document everything: Keep detailed records of expenses, work completed, and agreements.- Consider liability protection: Look into forming an LLC or other business entity.Starting with cash is a smart move to minimize risk and learn the process.

When it comes to investments, you can rely on a third party to control the timeline of repairs since your tenants also have recourse depending on the situation.

Go on title or set up a joint LLC so you have control.

Lots of variables.I was a CFO & Controller so budget was a big part of my job. 

In my opinion, some associations have way too much control and tend to take advantage of the out of state investors (not all of course).Is your preference to purchase another STR if a 1031 is the play?

The best way to work subject to deals is if you are in control until the loan is paid off. 

So if you still want to pursue most units have a rental control cap.