One of the wildest experiences I’ve had in property management happened on the very first day of managing a new property.I was conducting onboarding calls, getting familiar with tenants, when suddenly—the ceiling collapsed on a tenant’s back.The tenant had reported the issue for over 14 months to the previous property manager, but nothing had been done.

I have REPS by actively and materially participating in my rental property portfolio, and also work as a real estate broker full time (1099 collecting commissions through a single member/purpose LLC) from buildings I sell.My losses from my rental properties (LLC #A) largely offset any federal and state taxes from my brokerage business (LLC #B).

It's his company and he's the one in charge.

It was on the market for a long time because it didn't qualify for conventional financing will it being unlivable. 

I fired the PM and hired a much better one, which has been a breath of fresh air.

This is my first and last GC job and I'm stuck on one thing.

Reasons for off load: Contractors are spread thin and want to finish current projects before taking on the new ones!

(More service and many more meters.)That’s all the easy ones I can think of.

@Chris Mahoo, rule one of investing: if the investment only makes sense because of the "tax advantages" it is NOT a good investment.  

That is, your friend is the one who should be speaking to a lending attorney (not a real estate attorney) so he understands what you will be signing and the risks and recourse behind his loan should something bad happen.