Scaling up properties requires cash flow or equity, continuous education, networking, mentorship, patience, and persistence.

Is there any sort of requirements for the student to be accepted into the program or does the 8K make you automatically accepted? 

If you get a quote significantly below the numbers above you need to ensure that the contractor will actually execute the work and perform it to the required standard. 

A "lake house" might be in a residential zoned area where a commercial use would be prohibited or at least require a variance (approval) to make an exception.

To intentionally reduce the leverage more than required is a foreign concept to me especially in the San Diego market.  

It can strengthen your relationship with your property manager and demonstrate that you value their contributions to your business.It helps ensure compliance with lease agreements.Many lease agreements require landlords to name their property managers as additional insured parties on their insurance policies.

It may not be required, but we are generally in a better place to absorb the loss than our tenants.

Converting the partnership into a Tenancy in Common (TIC) could work, but keep in mind this requires dissolving the partnership structure and redistributing ownership, which may have tax implications depending on how it’s handled.

So, communication and assignment issues, as well as not being able to explain the maintenance issues and the required work.3) Proper documentation and quality of work issues.

We require a minimum credit score of 620 (averaged between occupants) to qualify.