Is it because they will become a 50% (or other predetermined %) equity owner if and when it all goes pear-shaped for you (again)?

The property is in great shape near everything you could ask for.

My tenant informed me that a staircase and surrounding backyard porch is in bad shape and I'm looking for someone to come by and quote the job.

Since it’s in a specific area of the city, we are designing it in a U shape which goes well with other buildings in the neighborhood.  

But you can shape your portfolio to become more passive or cash flow efficient or less exposed to local laws without having to pay the high costs of exit.  1031 exchanges allow you to move from any type of real estate anywhere in the country to any other type anywhere in the country.  

It could be great if you could find a place near popular snowmobile trails for winter, and you'd be in great shape year round!

Hopefully they leave the place in good shape and clean so you can put it back on the market

The GC license in now way shape or form guarantees that:1) They know about the trades they are hiring for2) They know how to manage, organize, delegate during the job3) That they will be at your house making sure things get done rightI only work now with people who hold GC licenses, they are insured, AND they need to know the trades and actually be working next to the guys in the house. 

The PM says this is potentially shaping up to be a lawsuit that my tenant is interested in.

what kind of shape are the big and medium-ticket items in - roof, mechanicals, appliances?