A syndication was way overkill because there were only 5 capital partners so they customized an operating agreement with their attorney that outlined roles and responsibilities, distributions, membership interests, etc.And you don't have to have all this stuff figured out right now; it's very customary for us to assign the contract to whatever customized entity we end up forming.Just one caveat. 

The real real estate billionaires aren't doing that stuff, fyi. 

I would restate that the lease will remain in place until such time that a new tenant is selected and moves into the property.This approach will ensure your cash flow while acknowledging that 'stuff happens.' 

It ensures they did a good job and a thorough job, it also provides evidence of the state the house was in when guests arrived in case there are any guest complaints or guest damage.

So far, no issue other than the biosecurity stuff.

The day before I arrived, I had no choice but to text Chris and ask him for the lockbox code.

As you grow the real estate stuff, you can phase out/down the W2. 

Learn basic maintenance stuff from YouTube (caulking, painting, learn how to use a drill, etc) and find a well priced handyman for maintenance.

It's also easier to handle dips in census similarly to dealing with rental vacancy if you have one rental property compared to a larger apartment building.My wife loves the operations but we have steadily been working her out of the day-to-day stuff. 

Stuff happened.If I were to sum up the one thing that I think investors aren't doing enough, it would be getting real-life reps.