If you do not know how to control money well, adding more to your bank account will only create new problems.

After a third infraction, you terminate their lease and move them out.Take control, or they will control you.

Could also rent it out, controlled by an agreed upon third party that distributes equal pay to each party, and hopefully could also pay the mortgage out of rental proceeds so neither of you are on the hook.

Check it out and see what it's about before it gets too out of control on here. 

If you have only 2-3 rental properties, I would recommend taking full control of management at once rather than transitioning one at a time.

Imputed expenses are important because they will be included as Operating Expenses when a lender appraiser does its appraisal, and also when the lender calculates its Debt Service Coverage Ratio.Regarding pest control, it's not just monthly roach spraying.

They want to have tight control of which team is introduced to work with and do not allow sharing of info among members.

Furthermore, you should explore checkbook control versus having the custodian make all the investments.  

Accept whoever applies" is an idea that would cost you a bucket of money in the long run.Bankruptcy is usually a "no" unless it appears to be a one-time event caused by something out of their control such as a massive medical bill or a business failure. 

Gov. mandates, laws, regulations, these are tools to control WHAT the product/service is, think safety focused. mandating no lead in toys, or fall-arrest gear for roofers, things like that, THAT is where it works.