@Grant Baker Make sure that you have a formal partnership agreement to avoid any misunderstandings.

Perhaps I am just misunderstanding. 

But, I think that your buddy may have misspoken or might misunderstand his PMA - Property Management Agree. 

Just because you don't make any money on them, doesn't mean you aren't responsible, along with the source of the actual plans, for any mistakes in the plans, or even any mistakes in construction from lack of info, misunderstanding, or just plain stupidity of the builder/user of the plans.

There was some misunderstanding between R2R and the seller, but R2R was able to remedy the situation. 

I mean did I misunderstand Stacie when she was explaining it all to me? 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

I'm not sure why there's such a big misunderstanding around these.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.