If you do this, make sure you have clear intentions and written terms each party agrees to.  

My manager hasn't been doing a good job but we have still brought it over $40,000 this year.

My current agent suggested if it made sense financially, to do some rehab work to get the properties rent-ready, but I do not have the liquid funds to do so and sell these as-is.

Do the math at a 6% loan rate.There's a reason many apartment buildings have been converted to condos and sold.

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

The other day I started the thread Why do people Buy Property in California? 

Figure out ways to enforce rules to protect yourself and the other renters.

I have had a rental property for a short period here in CT and have sold it in 2017.

It turned out this was his first time appraising one.

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.