Challenges?

Your profit is the difference between your adjusted cost basis and your net sale.Adjusted cost basis is your cost of acquisition plus any capitalized improvements minus depreciation.It is very possible that you could sell a property you have refinanced and generate no cash at the sale but still have a big tax bill because you sell it for more than you purchased it for.

Challenges?

Partnerships can be beneficial, but they can also present challenges if not structured correctly.

as @Noel Challenger mentioned ?

Challenges?

We are getting ready for a comprehensive lease document update and it's an area I think we might be able to improve in our current documents.Thanks!

Ultimately I had a vision for how this particular home could easily be improved and rented for top market without much headache.How did you find this deal and how did you negotiate it?

Also, I have heard success stories of folks finding good contractors at the home improvement stores early in the AM.

You are required to contribute towards these improvements.2.