They create the team and a plan, acquire, due diligence, take care of loan products (If needed), oversee construction/renovation, hire property manager (or run in house management,) take care of accounting/taxes/K1s, deal with closing or refinancing.An LP (limited partner) just puts in the funds (after hopefully vetting the GP and team) and keeps fingers crossed while earning mailbox money. 

Perhaps it is because hey have none of their own money on the line so they may not care for it as much as someone who does. 

No one will care about your property more than you, but building a good team will get close. 

Debt is a great tool, but you have to be very careful with it.

Memphis is a block by block city, so be careful to get your comps from very close to the subject property. 

I know enough to know that I have to be careful not to discriminate against anyone. 

To maintain the Premises in compliance with the applicable health and safety laws of the state, and of the local units of government where the Premises are located during the term of the Lease.

Really simple things that should have been easily taken care of by customer service but I could not get them to understand the problem I was encountering and it would take days to get a response.

He said that as long as you’re paying the mortgage every single month, the lender doesn’t really care in practice if you transfer the title to an LLC.

But its tax benefits may no longer be yours if you are not careful.