What we have is a good spreadsheet with a list of tasks, and as they perform the tasks, I've been paying him via Zelle. 

However, keeping the property and borrowing against the equity (via a cash-out refi or HELOC) allows you to maintain your tenant and rental income while leveraging the equity to expand.Key considerations:1031 Exchange: Great for avoiding capital gains taxes, but make sure the new property offers better returns or diversification to justify selling.Borrowing Against Equity: Keep the steady Denver appreciation and tenant while using the funds to acquire another property.

I would like to start off by saying thank you all for providing such a wealth of knowledge on this site and via the podcast.

Generally, the builder will also own the mortgage company to recover some of what they give up in credits via the profit on the loan. 

New Jersey law requires that security deposit be refunded to the tenant via check delivered in person or as a certified mail.Is it ok to instead refund security deposit via say Zelle?

Are you going to invest via an LLC?

i invest via 50/50 partnerships. i find/coordinate/manage the deal, and my partner brings the capital to the deal & approves large expenses. on their end, it's just about as hands-off as investing in a syndication, but they get to be one of just two main 50/50 decision-makers. and when there are just two parties involved in a deal like this, vs it being diluted across tons of investors, i find it's also possible for the capital partner to see much higher returns. when it comes to teaming up in real estate i'm much more relationship-based and less transactional. i'd rather do fewer very high-quality, carefully selected deals, each with just one capital partner, so that i can really serve that person's best interests and get us amazing results, vs. doing a bunch of diluted deals. i also feel a lot of syndicators out there are newer to the game, lack experience, haven't used their own money enough, and don't use their investors' dollars with enough caution. it gives the high quality syndicators a bad name.

He is living in the house and rents by the room via PadSplit.

Selling one of the properties is not an option because they were both purchased via 1031 funds from dramatically appreciated assets creating a cost basis of next to nothing on these. 

If your deal works at an ARV of 300k let's say, and the ARV comes in 250k then if you can't get the ARV lifted via dispute then your deal is dead and you are out the 700 for the appraisal.