Keep the plans to expand the building a secret.

As GPs, we owe it to our partners and stakeholders to keep communication clear, honest, and consistent.

I will keep a full update on  BP.

How long do you intend to keep the property? 

If this keeps reciprocating well with the community, I'll keep doing them.

If they're going to force an eviction, I would want either 1) to just wait until it's done and keep extending the contract (if you're in no rush at all) or 2) ask for a substantial price discount to deal with it yourself.

At that point you can keep the property in Seattle or Sell it down the road if ever needed.

.: Property managers, how do you collect rent from tenants, keep your management fee, and send the remainder to the owner without it reflecting as if you received the full rental income in your bank account?

I also figured that when he parents do pass down the road, we could refinance through a bank and pay off the sister her half of the home, while still keeping the house and the rental income.

A CPA who specializes in partnership issues can also likely talk through these issues with you.3) Depending on the size of the deal - Keep It Simple - the number of really complex agreements that come across my desk for a $500k property is crazy, and it ends up costing as much to do those tax returns as a comparable $5m deal