Please forgive the directness of my response.

Work with a real estate attorney to draft a formal agreement that outlines responsibilities and protects both parties. 

Zach and Matthew have been phenomenal, always responsive and willing to share their expertise.

I did approach them about a year ago about getting $25k credit line per property, and the response I got was basically no.

We want to detail the responsibilities, capital contributions, profit and lost sharing percentages, decision-making process, have dispute resolution methods, and exist strategies.

., property damage) could jeopardize their assistance, encouraging them to be responsible.- Inspections: Some programs require annual property inspections to ensure compliance with their standards, which can occasionally be demanding.- Damage Risk: As with any tenant, there’s potential for property damage.

Thanks to all of you for your response to my post. 

My frind in Omaha ended up picking up his second property sooner than he expected, simply because he’d built a small name for himself with one successful deal already under his belt.Are you feeling confident about the day-to-day responsibilities, or is there something else in the process that’s keeping you up at night?

Also, you mention snow removal, is it ever the case that the tenant is responsible for some shoveling? 

@Brett SynickyThanks for your response.