Keeps things amicable, and you’ll both feel heard.Hope this helps, and feel free to reach out if you need more insight on this or anything else!

Are you referring to syndications or something else more specific than just acquisitions? 

You don’t want a PM that can’t do creative thinking and think outside the box, or else they’ll be texting and calling you every week with problems. 

Anyone else tracking this weather.

Know the lenders requirements for the loan types you will need.For instance you may find you need to have liquid cash of 9 Months P&I and 100% of the loan amount as your personal net worth in order to avoid personal guarantees on the loan, and your retirement accounts may not count towards your liquidity.Know the requirements of the loan products for the apartments you want to buy.There are no books for that, that I know of--just lenders info.Because without that all else is just scholastic exercise.Good Luck!

@Rolando DeLeon Are your rentals based in WI or somewhere else? 

A well drafted operating agreement will address business planning above all else.

I’m not suggesting you can’t successfully complete the BRRRR method but if you are selecting your markets based on where that strategy is most attainable you’re going to make regretful investment decisions because most who chime in will promote markets where you will be able to obtain a favorable cash out refinance while ignoring everything else that supports whether the market has a good underlying investment thesis or has a a more attainable alignment of sale values and appraisal values. 

I will post here once I know more. if anyone else has experiece can you please share. 

. - Only 4 houses down from my current home in metro Detroit, MI.We toured the property and it was a hot mess, easily a complete remodel because of cigarette smoke damage that seems to have reached every corner, but the prospect of redoing it really excites us.