You could either form a Joint Venture (JV) agreement between you two individually or between your two LLCs. 

The HOA of some buildings who did not have the "lodge or hotels" stopped allowing Airbnb.Commercial: it's a different beast, if you refer to warehouse, office or retail (and not multifamily).

You will start to get the hang of it and put processes into place to stop or change the situation up, or just not buy the property because you know what they may run into. 

I thought how ironic the neighborhood is called Hunt (at least I think it is--maybe I had ventured into another area on Google drive), And my thoughts about how it looked was it looked like some place you could go pheasant hunting due to the lack of buildings , and the amount of open ground . 

We are general contractors who rehab, build ground up, and do joint ventures with investors.

If the tenant is aware and using the grace period purposely, then you may have a tenant who pays consistently - on the 10th.with your latest info that you haven’t received payment on the 11th I’d venture you have a problem tenant.

Best of luck in your new venture!

Actually, the condensation line was stopped up so the unit kept cutting off, but the technician told us we needed a new unit.

In Nevada, if the tenant stopped paying rent, they would still have a few weeks before a lock-out situation. 

Respectfully,Zach Hi Zach, you could do this through a joint venture agreement, which is basically a contract.