I have been exhausted on handling different stuff from now and then even if it is managed under a property management company.  

List of repairs needed and estimated cost:Roach Treatement$60ImmediateBoth UnitsLeaky Faucets$69ImmediateUnit A kitchen sink and bathroom sink are leakingSoffit/Fascia$975ImmediateQuote received for this amountFilters$120Probalby haven't been replaced in 11 years.Tree Limbs$700Tree limbs overhang structureKitchen Sink$69Doesn't drain in Unit B and disposal doesn't work in either unit.Water Heater$69Water heater overflow pipe should be installed for safety reasonsFlue/Exhaust Pipe$69Flue has displaced from draft diverter and permitting exhaust products to enter home.Mold Remediation$500Behind toiletReplace Toilet$500It is leaking causing the moldWindows$288All windows are original and in marginal condition.

But micromanaging becomes mentally exhausting and drives away good business partners who are more than capable of handling their piece of the puzzle.

It really is only if you need cash fast for a quick close or if you wouldn't qualify for a conventional loan or if you want to close the property in an LLC (90% of conventional loans can't be in an LLC's name).There is a time and place for them but really you should exhaust other options first.

I think you should exhaust your options amicably but be prepared for litigation.

"Finding and Funding Great Deals" for a more exhaustive look at the options.

Overall, the process was extremely exhausting and we have been running into hiccups in the process of getting both my brother and my name on the mortgage and title.

We always suggest borrowers exhaust their conventional options first and then get into the commercial loans. 

It can be exhausting but keep doing this again and again and again.

Your policy will pay both your share and the PM's share until the limit is exhausted.