Its also a good idea to build relationships with realtors, contractors, insurance agents, real estate attorneys, and property managers in your area so take advantage of events, conferences, and meetups.

You can rent the space to an entity that is looking for more space (passive, less scale) or you can run your own sober house like Devana does (way more management, way more scale).

Corporations and large property managers are the future, and the hoops you need to jump thru are necessary because of too much legislation.

Do you have a VA or one of those agencies that manages the whole process for you?

Thank you for sharing.Ironically, we have had the opposite impact from the poor management of IHA.

Quote from @Grant Francke: For those with using Buildium for property management software, do you use Buildium's public site or do you use a website you have made and maintain?

I own Real Property Management Reliant here in Columbia, MO.

These are really questions for your attorney - the more typical scenario for a jv like this is you have a new LLC where you are the manager of the LLC and the investor also owns a percentage of it.that way you don't have to deal with transferring it etc. 

@Gash Nookala,Renting can indeed be slower in winter, but here are some tips to boost interest:Enhance Listing: Ensure your listing has detailed descriptions and high-quality photos—consider professional photography if needed.Competitive Pricing: Double-check local comps; even a slight price adjustment or incentives (like a reduced deposit) could attract more interest.Broaden Marketing: Beyond Zillow, Hemlane, and MLS, use social media, community boards, and local business connections to reach a wider audience.Flexible Lease Terms: Offering shorter or month-to-month leases might appeal to tenants during this slower season.Local Property Manager: A local pro can tap into their network and help fill the vacancy faster.These steps should help you find a tenant despite the seasonal slowdown.

I work as a property manager in my 9 to 5 and see the power of real estate!