There is step by step guide, more an art than science.

Whether or not STR regulations will continue to be relatively lax in Albuquerque is exactly what I'm wondering about Definitely seems like getting the scoop from a local source versed in STRs is my next step.

He's getting a loan to buy me out so I am a little lost on the next steps. 

.* No proactive maintenance, and even the turnovers were inconsistent.

No big, but I will go through all the outlets in the house next time I am there.Seeing as we are on the lake, we have 3 decks, so I am religious about checking the steps, deck boards and railings.

This but taking it a step extra: If you own a business in an S corp, having a C corp as a management company to do solo 401k and hold cash for any retained earnings needs can be a perfect addition to those who have SBA debt and want to pay it off quickly.

Working with a proactive accountant who knows real estate will give you all the advice you need and more at this stage.

If this is the case Step 1 is to determine a fix and the associated cost.

You both have to be on board or it doesn’t work, but if you work together and have a goal, then each step towards that goal feels more rewarding, even if it’s just saving $x more a month towards a future down payment.

Oftentimes, a direct line to the owner is the biggest challenge.I'd be prepared to make an offer on the spot BUT I'd also be prepared to take things 1 step at a time.