This duplex has cash flow but is a pain.

BTW - I find the way you handled the email address on the site painful.

15 year mortgages are painful and will back you up against a wall fast but if you have the money...they pay down great and I prefer them for investment property especially with partners. 20 year is slightly less painful.

My 2 cents...Instead of pooling money, which you can do btw by first filling out the proper paperwork with your state (I have never done that and I'm sure it's a pain in the ***), I would instead give a 1st mortgage to the larger loan (PL) and 2nd mortgage to the smaller loan (2nd PL.. maybe for rehab work for example).

condos can be a real pain.

Is freddie mac a pain in the *** to deal with?

It's not horrible, terrible yet, but I'm starting to feel the pain here.

Therefore, I sign all documents as follows:For ABC Rental Properties, LLC,Michael Rossi, ManagerThis is completely legal and morally correct.

I agree that moisture in the basement can be a real pain.

The trick for the PM company is to know the pain tolerance of each owner and to determine that "perfect" fee to charge on every repair...A fee large enough to make the owner say "ouch!"