I did walk away basically breaking even (probably out a few grand, but not losing my shirt) and with a much better respect and eye for a "great deal." 

When they watch you get your hands dirty, you earn their respect and move on from being faceless, out of state dumb money that they can nickel and dime to death at every turn. 

Communicate, treat everyone with respect, and provide ample time.

I sell real estate to STR investors in a beach market, and one of the main strategies I tell them about (and that I also use myself) is to have a new 4-point inspection and a new wind mitigation report done periodically and to reshop insurance with a few BROKERS.In Florida, these inspections are only good for 1 and 5 years, respectively, so you MUST get new ones--especially if you have had a new roof, added hurricane clips to an existing roof, or replaced your wiring, HVAC, water heater, etc.Also in FL, insurance companies come and go, so there is no need to stick with the same one and just take it when they try to bend you over and raise your rates. 

His story, if true, indicates the tenants have no respect for the property owner, his rights, or his desires.If I were a betting man, I would bet money that they are dragging their feet because their rent is well below market.

With respect to what you get back, I'll echo other replies here and state that it is dependent on a lot of factors including your marital status, other income, etc. which determine your tax rate. 

Build Relationships: They foster strong interpersonal relationships through team-building activities, ensuring team members know, trust, and respect one another.5.

Having launched over 200 funds, I respectfully disagree, from an investor perspective,  the key thing to look for in a fund of funds model is deals where you are getting the same or better terms than if you go directly with the sponsor.

Our vision is to build a brand that is well liked and respected in the communities we are improving.GOALS SHORT TERM (1-5 yrs.)

Thanks Dream big, live more than modestly, treat people with respect.