Meet each contractor to outline scope, and ask how they are going to achieve the job, what issues they foresee, etc. 

@Joaquin Camarasa I found this publication by HUD https://www.huduser.gov/portal/sites/default/files/pdf/DisplacementReport.pdf which towards the end of the paper outlines policies implemented in DC.

Anna, honestly, I think that if you take the time to outline all the issues you are having with the manager, confront them, and just ask them to terminate the contract, they may simply concede as a good business decision.

All joking aside, the PPM is a document there to protect you as the investor and a necessary part of the due-diligence process for every investor.The goal of this module is to help take away the mystery, overwhelm and to help you navigate the private placement memorandum efficiently as possible so that you can make a well-informed decision about a potential private investment.PPMs will vary by the type of issuer, the size of the offering, and the number and type of investors being solicited, but each private placement memorandum should at least contain the five sections outlined below.1.

You need to make sure that you have a JV (Joint Venture) agreement or something similar in place outlining the responsibilities, the money into and profits for the deal, as well as any liability.

@Kevin Dickson is my go-to guy for current residential solar stuff.My contacts at UC Berkeley give me commercial guidance.Anyway, it's tough to be hypothetical, but I can outline the steps:1.

See an attorney to draft the outline and operating agreement.

There are annual reports and such that an LLC or any corporate entity must produce and store in their company files every year in order to maintain the LLC or corporation, and once your lawyer has done one set for you it's pretty easy to replicate annually to stay compliant.There's a 27 point LLC checklist I posted a while back that outlines what is required to create and maintain an LLC:https://www.biggerpockets.com/forums/432/topics/80543Good luck!

My husband and I did own properties in Detroit for 30 years and the outlining areas.

Looks like my first year purchase fits the numbers/strategy outlined in the article except the fact it's a duplex and not a fourplex.... so I have 2 less doors bringing in $200/each for the first purchase.After reading the article maybe I should change my strategy, which was to put $300/month from the cash flow each month towards the principle of the loan.