I agree with all the above, I think :)I'd say you're thinking you'd have the leading votes owning more units than others, there's always 10% that will disagree, by nature they will gang up on you seeing that advantage and you won't control anything is my bet.Don't go there, you may create financing issues and you could end up trying to meet requirements you don't want to go to or could meet.All entities take on liability in RE matters, you'll need more insurance.Keep it social as suggested.

If you want to come here and vent by calling your partner a horses *** every time you disagree, then do that.

I would stick with it and chances are you will sway from it some anyway as you gain experience and have random opportunities come at you.I disagree with Ben's advice about not getting the license.

While I could list all the problems I have with this advice, I'll just leave it at, "I disagree with this advice."

But, also, I disagree with the job makers - after all rehabbers employ construction crews, buy and hold employ management, landscapers, maintenance, MF investors employ all kinds, and note buyers often employ servicers!

If the numbers are considered too thin by other investors, your options for making a quick sale may be very limited.Before considering keeping the investment, I would conduct thorough examination of the property and all things affecting the investment today and with an eye towards the future.

I'm sure there are people out there who rent to friends and family and have had a fabulous time at it - and I know most of the world disagrees with me re debt ;))

Lastly, I disagree with "i will be working 60 hours so tough for me to do anyhing else".

I'm not licensed yet, but I'm planning on sitting for the exam in the next couple of weeks.I look forward to staying connected.Best of luck!

If your situation changes tomorrow, you want to be able to sell it and walk away with at least a break-even.Regarding Brendan J. commenting about saving the management cost by doing it yourself, I respectfully disagree.