YOU have to be sure your Insurance Agent is fully aware of HOA coverage on a yearly basis (you should be able to request an "insurance summary" that lists the types of coverage and their limits, but verify max payouts as well), and that they are being crystal clear with you about "what ifs".

Your mortgage has still been paid down more than that and while I don't have a crystal ball and you should not bank on appreciation to make a deal make sense, Bay View is in high demand.

I would first really crystallize what your goals are, as well as how much of a time commitment you can make to running the properties once you've acquired them.

Being crystal clear on what you will and won't provide, when and how it is appropriate for them to communicate with you, etc, as well as all the 'what if's' that should be outlined in the partnership agreement.I have had deals with a single investor that are far harder than deals with many more than one investor, and most of the time it comes down to expectations set on front end, and general personalities of the investor(s).

Is the main thing just to get crystal clear in the JV Agreement language and take our shares on our Schedule E's?

I do think he’s banking on selling it as it will go in the crystal beach area no problem I have no doubt. 

There are almost no consequences when this isn’t signed.Talk to your agent and read your contract and they should be able to make it crystal clear what the result will be of you walking away now.

@Crystal Davidson I did the same thing with a run down 23 unit Garden Motel.

Then, get crystal clear on their parameters because that's the main difference with hedge funds -- They are crazy picky.

However, residential RE went up, but commercial office and retail seemed to come down a little.Here is my crystal ball for 2021, time stamped in January 2021:President elect Joe will work with democratic congress to print more money than we can imagine.