It could probably also make sense to reduce the investor's equity to some extent after return of capital, so not remove them, but tilt the balance a little more in the sponsor's favor (and I only thought of this because it was mentioned in a podcast if I recall)But if you're leaving the investor in the deal indefinitely as you suggest, is it acceptable to not talk specifically about return of capital at all in a situation where there is no preferred return?

An extra $550 admittedly won't mean as much to me 15 years from now as it would today, but it will certainly be a more meaningful kicker to supplement the cash flow already coming in from increased rents over the years.Call me pliable, but I think I'm tilting back to 15 again : )

@Josh Caldwell is correct that you need to remain agile enough to move quickly, but you also need to exercise the patience not to expend your energy tilting at windmills.  

@Craig Leininger- Some people might wonder if you have a penchant for failures and want to see this community's posts tilted as such.Yes, we all make mistakes and hopefully learn from them.

If Ben is only going to be there for 2 years, current plan, yet he is happy to own the property and rent it after the 2 years is up, would the advice tilt towards buying? 

If you plan to put new blinds in this rental, or if you have similar blinds in your other rentals, maybe save some of the hardware from the broken blinds before you toss them - particularly the tilt rod (the long plastic thing you spin to tilt the slats), the plastic cones or pulls on the ends of the operating strings, and maybe the buttons or plugs on the bottom of the bottom bar that hold the lift strings to the bottom.When I bought my rental, it had blinds everywhere that were mostly in OK shape, but some of them were missing the above items, and I couldn't source them locally as individual parts. 

@Thomas Peddle - I second @Mark Faustrum - Investor Tilte Services is a stand up company and the way to go! 

I also tend to focus on smaller cities rather than the metropolitan areas - less competition :) Check out this article: https://www.forbes.com/sites/joelkotkin/2018/05/15/growth-in-america-has-tilted-to-smaller-cities/#63f7d2695601Goodluck on your search!

Do you have issues with doors, diagonal cracks in drywall/bricks, excessive tilt in the floors?  

And in watching the Short Term Rental Advisory Committee meetings for some time, I see a tilt there in favor of stricter regulations.