Now I am contemplating doing a refinance into a conventional mortgage but I need 85% loan to value to do so.

I have contemplated partnership before but it just never appealed to me.  

FYI...On March 22, 2021, the Baltimore City Council passed legislation that mandates changes to all residential leases and impacts when late fees may be imposed.Specifically, the law, entitled “Late Fees for Past Due Rent,” provides that “a residential lease shall include a provision that the landlord may not apply late fees to the rent until the tenant is more than 10 days past due with the rent.”As drafted, the above provision is required to be included on all residential leases in Baltimore City, whether or not a late fee is actually contemplated by the lease unless a statutory exemption from the lease requirements applies, e.g., it does not apply to leases for rental units within an owner-occupied residence.If a residential landlord seeks to impose a late fee for delayed or nonpayment of rent, the lease:must include a provision that prohibits a landlord from applying a penalty fee for late payment of rent until:(i) The tenant’s payment of the rent is more than 10 days late; or(ii) The tenant has received the tenant’s regularly scheduled government benefit disbursement if the tenant has previously provided the landlord with written notice that shows the day of the month the government benefit is normally issued or mailed is later than the day on which the rent is due.The Late Fees for Past Due Rent Law, which was signed by Mayor Brandon Scott on March 31, 2021 and becomes effective on April 30, 2021, only applies prospectively to new leases and shall not have retroactive effect on leases entered into prior to April 30, 2021.

Charges like kidnapping and assault on a police officer among many many others.

I have been contemplating this myself for a while.

I am contemplating joining exP.eXP and many other brokers have clauses in their Agent agreement stating "Agents are expect to transact ALL real estate business through the Company.

As to lease renewal, I'd recommend to build in automatic rent increases, given the contemplated lease term is longer.

A part of that is Covid and a part was the addition of $7,000,000,000,000 in new national budget deficit, but over time, Berkeley's incessant regulatory assault on homeowners and property rights has prevented thousands of new condos and rental ADUs from being established/built.

@Amber Boskers, not enough cash and too much debt would be my biggest concerns too.If I understand correctly, you are contemplating getting involved in a JV with people you have not partnered before and you are providing 60% of the cash (300K?).

I'm hoping to 1031 into a larger MFH investment or self storage...but I've contemplated a good-looking OZ fund in Colorado as well.