It's easy to fall in love with a charming fixer-upper, only to realize you've bitten off more than you can chew.

On the other hand, a 200%+ return is fantastic and if they had been able to achieve that, perhaps rewarding the GPs for it is appropriate.6.

However, if you have the time and resources to manage it remotely, it can be a rewarding experience.Feel free to reach out if you have more questions or need recommendations for property managers in Colorado Springs.Wishing you all the best on this new journey!

If nothing else, offering a small reward like a gift card to their favorite restaurant (ask when they initially sign the lease) helps.

I've done it, the market does not reward the effort and the cost.

@Corbyn R TowerReal estate investing is a rewarding journey that requires starting with smaller deals, house hacking, creative financing, and the BRRRR strategy.

@Rafael RamosStarting a multifamily property investment in Florida can be rewarding, with both in-state and out-of-state approaches offering pros and cons.

All the pre-war charm. 

I could also just do a straight arbitrage/master lease but prefer the co-host model as I see it as more equitable and disperses risk and reward more evenly between myself as the co-host and the syndication LLC as the property owner.

All can have different risk reward scenarios, all can have different perspectives.