There has to be an account in the middle for repairs, renovations, etc. and you want to know how that will be disbursed and if you need a workflow between you.If you decide to do it, just start small with an asset that is as close to can't lose as possible so you can fine-tune your collective process.

Yes, I probably have some protection, but rely mostly on insurance.NOTE: we manage a lot of Class C properties and unfortunately get sued 2-3 times annually.

Can i stay at my parents house on Long Island  for some time in the spring/summer so I can service my accounts here ? 

As for the way that they are living, you should be doing routine inspections and then hold them accountable.

@Omar Pena I did start paying for the annual membership for PS. 

Proceeds when sold would be split in the same ratio.The math for them was:Rent for the next 5 years: $228,000Equity gained: $0Mortgage payments for 5 years: $219,000Equity gained: $185,000^assuming a modest 3% annual appreciation Getting started will take you further than waiting for the *ideal* property.

We the people need to pull our heads out of our social media butt's, stop accepting BS, lies, antics and hate and start demanding answers, responsibility and accountability from our leaders again or were gonna reap the consequences. 

Originally posted by Account Closed:How did you get the person's email address?

The our business account is at its lowest ever.

Landlord can require tenants to be responsible for separately metered utilities, so can avoid waste.Landlord can get annual small increases in rent.NegativesMost of us don’t treat something we get for free the same way we treat something we’ve worked hard to obtain.S8 applicants claim “broke” and don’t like to pay application feesSame goes for security depositsS8 tenants, in our experience, tend to cause more property damage than non-S8 tenants. - Make sure you get a security deposit and perhaps do a surprise inspection of their current home.S8 requires an inspection (mostly health & safety) before approving a lease and then annually thereafter. - Not something most landlords taking care of their properties have to worry about.There are limits to clauses they allow in your lease.