The combination is that high LTV financed RE is not only at an all time high but in terms of inflation adjusted cost is at greater than 40 year high.  

Also, my city has 'combination sewers.'

Many of us get frustrated self managing and seek a property manager for various reasons.For me, it was a combination of problem tenants for one of my properties, then a few months later I moved across the country and came to the conclusion that hiring a full time PM would be my best course of action to maximize efficiency on my properties.

**Affordability and Quality**: The combination of an affordable purchase price and property quality was appealing.2.

They will move to a different home where the owner keeps up on maintenance, and you'll be stuck trying to rent a non-functional home or paying a lot of money at once to fix everything back up.Best practice is to maintain your property.

(Again, you could be comingling, depending on what your plan was for this).4th issue, in trying to keep the existing parent LLC functional for potentially both, it makes it unclear the purpose of the LLC in the first place (this is something typically indicated clearly in your Operating Agreement, assuming you have one).  

If you are looking to scale quickly, combining both may help you do multiple flips/fix and holds since you won't be depleting your HELOC each time you close on a property.

A great idea here would be to create the site yourself externally and simply use the Hospitable widgets integrated on your website to get all of our PMS functionality on the website that you own.

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

Really helped to clarify how unequal this partnership would be.The reason for the partnership is that we are trying to combine finances, since neither of us have a lot.