thank you so much, Matt I can assist I can offer a single member operating agreement template, you’ll be able to fill and change to your specifications I have this arrangement with most transaction agreements 

I am also not commuting to a job so while my son is in school during the day I would be cleaning and turning over the apartment for STR.At any rate, it will partly depend on whether the STR regulations in that area would even allow for this arrangement in an apartment or condo, but I just cannot quite see, at least for this potential property, adding a flip or rehab project to the mix.  

Most who propose this arrangement do so believing they are adding a layer of protection or separation between the property or themselves and the operation but that's total nonsense as well.

Pretty sweet arrangement! 

Another option is assuming the existing mortgage, which would involve contacting the current lenders to explore formalizing the arrangement and having the properties deeded in your name while taking over the loans.

This arrangement can benefit both parties if structured properly.Hard Money Loans: These are asset-based loans provided by private lenders.

First, I would advice to keep documentation of all your requests to arrange maintenance.

LCC as a basic pass through and limited partnerships depending on equity arrangements and profit share of the parties add that extra level of flexibility and not needing to split potential individual partner costs or liabilities.  

Is property management normally part of this arrangement?  

In the case of having several partners in the property, it also would outline an operating agreement and arrangement between the partners of who owns how much of the property.