To structure a partnership, consider forming an LLC where you handle property management, renovations, and operations, while the investor provides the down payment.

The operator may trade off the longer term benefits to keep a high quality tenant in place.

But my question is that if we consider other operating costs like maintenance, capital expenditure, vacancy, etc then this property won't cash flow, so is this a good deal?

I have managed STRs for 10 years in Los Angeles, so I understand the business and operations.

Does anyone have any advice on effectively setting up temporary battery-operated cameras on a long-term rental property to deter break-ins and squatters while rent-ready repairs are being made before a tenant moves in?

Is it Leasing, Property Management, Vendor Management, Operations, Finance, Accounting... 

Operating in an industry where "we track time," I can offer a few hopefully helpful tips:1.

Quote from @Jesse Valdez: When operating a business, it pays to know the laws.In most states, guests staying fewer than 30 days can be removed by police for failure to pay rent or obey the rules.

This isn't 2011-2013 days but many people are stuck in that time period STILL.As I finish my licensing study, I'm very grateful I chose this route as opposed to being a one trick pony.Wholesalers did themselves in by their method of operating.  

We’re looking to install a property management firm within the organization as a way to generate steady income and keep operations running.