Maintaining clear communication with existing tenants is essential during redevelopment projects.

Maintaining clear communication with existing tenants is essential during redevelopment projects.

A ton of questionable money raisers are running around as "co-GP", but do they "really" co-GP or is it a shell title with no authority nor a legit role outside of raising $ for a cut?

Explain our situation and see if they have a solution or if they just make lofty promises without a clear plan of action.

OK, I clearly engaged in something I am not familiar with.I'll let you fellas duke this one out while I stand in the corner and scroll TikTok.

If not, cut your losses, sell the home and learn from your first investment. 

No need to do a QT unless your wanting to sell it or mortgage it.Most of my properties are owned with a tax deed and I've never bother to spend the money to do a QT.I just fixed them up and started renting them.After 10 years in SC they are cleared up without a QT.

However, ownership distribution must be clearly outlined based on each party’s financial contribution, and income and expenses must be divided accordingly.You might look into forming an LLC or limited partnership to pool funds, which can streamline asset management.

I've seen posts say it goes directly to the wholesaler, but how do we get that money back should there not be clear title?

With your past experience and a clear goal of building a portfolio in Houston, you’re already well on your way.