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. 

It comes from buying distressed assets and fixing them or re-arranging the property to make it perform again. 

Just be sure to clarify the fee arrangement upfront to avoid misunderstandings.If you need help evaluating the deal or financing options, let me know!

When the partner’s draw payments ceased this CPA became involved selling Sponsorships” in a very dubious MLM scheme; he was trading in all the goodwill and reputation he had garnered in 25 years of practice to make a quick hit because of his financial position. 3.

As a landlord, I verified the work needed by pictures being sent, and arranged for a contractor to go in person who is licensed and insured to give an estimate for the work stating to management company this would likely have to come out of a security deposit.The management company was initially asked prior to me arranging this appointment with contractor, to have someone professional quote the damage, and they disregarded my wishes and without my knowledge, or notifying me, granted consent to the tenant to fix the door " in any way they see fit, and to attempt to fix it themselves to the degree of their liking." 

The partnership or business arrangement puts each of you in substantial risk, both legally and economically.