For partnerships, make sure to have clear roles and a written agreement to avoid issues.With student housing, focus on durable renovations and solid lease agreements to handle turnover.

And a PM friend of mine pointed me towards NARPM.

Quote from @Stuart Udis: The Philadelphia Housing Authority (PHA) recently acquired a 360 unit 12 story multi-family building for $24M and  a local news outlet  reported on the building.  

Bc entropy sets in and as humans we all have a tendency to become lax with time.  

Well the experience i've had with 51west properties was remarkable and a successful closure of deal.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

We have several rentals and a set of business cards associated with each one.

The roofer gave me a invoice with high level bill of material, and a statement that it has 2 years of warranty and brand name of the shingles.It does not say brand name warranty or model or batch number etc. 

But I also sometimes think owning only 1 property in LA would be less stressful and a more reasonable mortgage payment would improve my quality of life.

These are professionals with additional training and a stricter code of ethics.