Here are 5 reasons why taking part of a good deal is ALWAYS better than 100% of no deal.1.

For the reasons other have said, do your best to keep the rental. 

U have a lot of fake lenders use Vegas address's for some reason.

I will not expand my business to areas without having a good team first. 20 to 25% is reasonable if you come across a good PM near you, there is a lot of work that goes into STRs 

I would suggest looking in Columbus Ohio for so many reasons - population growth, job growth, and companies moving here.

It is one of the reasons I like a Wrap Note and Mortgage (or Deed of Trust). 

To determine what to offer on a rental property:Determine reasonable market rent, NOT the highest!

I understand that there are reasons that full title searches on auction properties cannot be done but through many BP and other books understand there are some "best effort" services in some areas. 

I personally do recommend Columbus Ohio for many reasons.

@Brittney Yang first red flag is it doesn’t sound like he’s that interested in long term holds but the primary reason for partnership is expertise in renovation and secondary reason is balance sheet and income to help get financing.Regarding reason one, I would offer to compensate him for his time in assisting you and have a very clear scope of what that responsibility is.