Be interested in what your thoughts are to include this in a lease (needs to be maintained to some defined degree of cleanliness rather than waiting until move-out and deduct cleaning charges from their deposit).

Regardless of direction you go, the allowances in your contract should be clear and quantities and material specs should be clearly defined.

How is material participation defined?

Property Management LLC: Managing both properties through a new LLC is fine, but ensure formal lease agreements between yourself and the LLC are well-defined to maintain liability protection.

The only reason you'll fail is if you let others define who you are.Thanks for sharing!

He said that:" licensees are not allowed to pay consideration for referrals, defined as anything of value, to someone who is not a real estate licensee.

@Sven ZimmermannTo prepare for investing, define your investment strategy, research your market, understand financing options, network with experienced investors, and take next steps.

There is no good investments, or bad investments.You as an investor need to decide what investing strategy works for you, define your criteria, understand if your criteria is possible in the market you are looking in, understand the risks/rewards of your critera, and then execute the purchase.While some agents are heavily knowledgeable about investments, most have zero clue.

You must clearly define roles and responsibilities while addressing all the what-if scenarios.

No, you need to define YOUR end goal and just go for that.