Challenges?

additional challenges are the inventory shortage and good contractors being extremely busy. 

If you get dealt that character card, your primary challenge is that you need to replace a lot of income to get out of the rat race.

That property is now a reliable source of rental income and a constant reminder that success starts with taking action, learning on the fly, and embracing challenges head-on.

Here’s a strategy:Define Roles and Responsibilities: Agree on who handles what (e.g., funding, management, deal sourcing) based on strengths.Bylaws to Include: Cover profit/loss splits, decision-making processes, buyout clauses, and what happens if the partnership ends.

@John Cooper find an experienced landlord-tenant attorney for their input and potentially handling your eviction.

Again why is your agent not handling this.. ???  

By setting appropriate expectations, we can ensure a smooth and successful investment journey.When it comes to syndications, there are unique challenges in exiting or restructuring investments due to diverse investor expectations.

One is a big deal, the other is nothing.If you have a property manager he should be handling all this while you enjoy your xmas.

I especially believe in this challenging RE environment that some realistic analysis is beneficial.