Hi there!New homeowner and soon to be landlord. I was wondering if any investors in the DC area had a good list of contractors that they trust for various things from HVAC to general handyman fixes.Specifically I am n...

The same concept applies to any skill in life.

Does he have certain skills or education that could be beneficial for the business?

. - Brief sidenote, I'm a brewer by trade and education, so if anyone wants to do a little skill-swapping, I'd love to show you how to brew/make wine/distill in exchange for a partnership.

Someone who is 60 and is married for 40 years, but still doesn't have a car and has to rent a low-rent unit, AND share a unit with other people (and they were the ones who got evicted, so the story goes) probably doesn't have a very good set of skills when it comes to managing money (or life, for that matter).

Our place is owner occupied, and I wish I had the skills to just fix a dishwasher or the A/C if it goes out (fan outside the house broke like a year ago), but sadly I cannot fix any of this stuff.

If you don't then it is beyond your skill set anyway.Why even consider being involved.

My only tip would be to really do the education bit in the beginning so you know exactly what you are getting into--what time requirements, effort requirements, risk, skills requirement, etc.

If you hire the skilled trades that can pull permits you can have you handyman do the rest.

If you're walking into $50k of free equity, don't want to miss out on that over <$3k of semi skilled labor.