Beyond those avoidable expenses you will incur, how did you fair with liability protection during the renovation process and  into the future with your acquisition/renovation thus far?

A fair amount of locations that met this criteria were in florida.

Offer incentives for repeat partnerships to maintain a steady deal flow.

Partner 1 brings in deals and manages the business Partner 2 brings repair and renovation skills Partner 3 lives out of the area and brings capital What is a fair way to structure/put a value on the partners finding the deals and managing the business.

This means the total time both spouses spend on managing, maintaining, or working on the property can be added together to meet the 500-hour requirement.- Real Estate Professional Status (REPS): For REPS, only one spouse's time counts toward the 750-hour requirement.

I still consider myself fairly new to this world, and I can say with 100% certainly the biggest battles are the internal ones, and this industry has given the pleasure of being forced to address several of my short comings, and continue to address them all the time.I find I get the most emotional when I get reactionary, so my constant focus is around honing and suppressing reaction as a whole both internal and external.Thanks for taking the time to write this up.

So I have a rental property with two fairly mature trees directly in front of it. 

I don’t think you have to worry about any expenses maintaining it because it’s on your land.

What is customary, what is expected, fair, etc. ?

I moved in to rental in NJ 7 months ago and I am in a fairly unique situation where my landlord has become a mentor of sorts.