@Scott Schnabel actually, the cities of Hazel Park and Warren require a DL from someone at the PMC and write the tickets in their personal name.

They will try to run 2 kitchens and that can mean clogged drains in your wet bar kitchen.Be sure there is personal recourse when you need to sue them for $40k in repairs above the deposit.

It's been a very, very bumpy road to be under contract - and past the due dilligence period - on a new build we are purchasing with the intent to use it as a STR (and some personal use).

So, any investments are on your personal taxes the same as if the property is owned by you personally.

You might want to limit your visits though to avoid escalation.Short term if the smart lock is on his personal door just change it to a key if it's isn't working for him, you can always switch back later.

Plus, they handle online rent collection (a necessity if you don't have a property manager!)

I personally feel that it is a liability people could use as an excuse for an accident they have if they are drunk.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Need some advice on the best way to structure this deal that's fair and beneficial for a 3 person LLC/partnership agreement. 

Personally I don't ask for pics unless there is an issue and she sends them to me automatically.IMHO if you have a good cleaner that you trust, asking for photos is probably superfluous.