Call it a partial or hypothecating or both but that’s another concern.Lastly does each person involved in the trade understand all these surrounding facts?

The tenants may not like the timelines or outcomes of the repairs - part is on back order, they have to pay for the repair due to abuse, the owner chooses to repair instead of replacing.

I'm on Lane Kawaoka's e-mail list and I always think about striking out for something, but wondering if its worth it or if it can turn into a house of cards...It depends on the opportunity, the syndicator, the total amount of money involved, the amount you want to invest, how long you want to invest it for, the location of the apartment complex, the number of units involved, what your goals are.

I would involve your insurance company.

Since getting more involved with BiggerPockets and learning from other investors I’ve been thinking more about that notion of working “on my business instead of in my business” and how I can systematize my processes and information to free up my time to be more productive. 

Nice job with the project. 70k budget is really good considering exterior work was involved.

Was their UBIT/UDFI involved?

I’ve used other budgeting apps that sync just fine using third-party services, so it’s wild to me that Stessa can’t get it together.The only reason I haven’t bailed on Stessa yet is that it’s the only one I know of that syncs with AppFolio—which is a must since my property manager uses it, too.

If you are truly acting as a real estate broker and bringing two parties together then IMO you would brokering real estate without a license. 

If your property management involves Appfolio, Stessa is probably one of the only platforms that integrates well.I’m not too concerned about double-entry accounting systems, so Stessa’s simplicity is actually a plus.