Been paid for years on time without capital calls, or any issues, etc and they reduce my taxes through some tax incentive structure with their legal team.. but the key element is the liquidity and the fund is fully diversified with California properties as well as several other states, they do flips as well as buy and hold and also diversify by type of property as in residential luxury and commercial mix use.

On June 7th, we sent an itemized list of deductions via text; he responded on June 8th, disagreeing and threatening legal action.

Recommend having an attorney review it to confirm.If the PMA has legally expired, then the PMC is in the wrong - although they may still have claims for covering the legal expenses.

Give proper legal notice of non-renewal and get them both out.

Will they "check themselves" from bad behavior when they see a professional company with professional services, legally reviewed lease, etc. managing their day-to-day?

Might be a good idea to form an LLC anyway for legal or tax purposes.

Do not rely on it for legal advice.

@Kash Tacke legally, you would need architect drawings to get approval from Detroit Zoning Board.

While I’m not an expert on the legal aspects of posting here, I do have years of experience coaching students in real estate sales and investing.For anyone getting started in real estate, I always emphasize the importance of focusing on key steps before committing to a deal.

I recommend legal advice from an attorney.