Hi Denise - If you're eyeing a DSCR loan, maintaining your primary residence is necessary, as most lenders require it.Refinancing could provide quick access to funds by leveraging the equity in your primary property.

Consult with legal professionals to ensure compliance and protect your interests.Emergency Fund: Maintain a reserve fund for unexpected expenses, vacancies, or periods of economic downturn.Regular Maintenance: Implement proactive maintenance measures to preserve the value of your properties and minimize the risk of costly repairs.Long-Term Perspective: Adopt a long-term investment strategy and avoid making impulsive decisions based on short-term market fluctuations.

It is difficult to say who will pay them but it will ultimately be whoever would like to maintain a continuing interest in the property.

The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments(maintain your property, etc) - these simple steps will help you prevent lawsuits before they even occur.

My new idea was to clarify with him that I would maintain 100% of the initial investment equity potential, but we can still go 50/50 on the renovations/sweat equity portion.

If you and your partner want to maintain flexibility, you should set up your ownership as two Tenant In Common owners with an undivided 50% ownership each in the properties. 

If you are doing management for others (Third-party Property Management) you need a Real Estate License, and your Broker has to maintain the trust account and allow you to do Property Management. 2) You don't have to be a Broker to do PM.

I am a big fan of maintaining a performance dashboard in my other business (Veterinary Clinic) as I structure it to show in both chart and graph form my progress in various metrics over time for my business.

On the other hand, renting out your home could provide steady income to cover your mortgage and offer tax benefits, all while maintaining your current low mortgage rate.

With 24 years of experience as an experience designer and engineer, I prioritize considering all user segments, including neighbors, as it's crucial for maintaining a calm and safe environment for everyone.