So you shouldn't count on appreciation to justify under performing STRs.

My biggest frustration isn't with the deal failure itself, it's more with the operating performance of the GP and honestly I'm not sure how an LP can really determine this.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

In return for excellent service I'll be offering repeat business and I'll happily provide referrals to my existing investor network for those top performers. 

(I also experienced the power of learn by doing buying my 1st investment property, more on that to come.)The Investor Relations Department is Born During my time working with the students and selling performing and non-performing notes, people started asking a lot about the company’s fund opportunities.

Instead of dedicated legal support, they use some third-party "legal platform" (in the cloud?)

The third property has a nice cash flow.I am wondering if there are steps I can take to reduce the cashflow issues of the 2 properties before obtaining another property, like pay down the mortgages or should I just save the cashflow from the third property to pay for any future expenses?

@Denise CarringerI'd suggest using a third party contract loan servicer.

-how is management split among you, PadSplit and any other third parties?

.), Peter Thiel (Palantir, Founders Fund; Palantir valuation: $45B), Reid Hoffman (LinkedIn, acquired by Microsoft for $26.2B), Max Levchin (Affirm, valuation: ~$5B), and others like David Sacks (Yammer, acquired by Microsoft for $1.2B) and Steve Chen/Chad Hurley/Jawed Karim (YouTube, acquired by Google for $1.65B), who collectively shaped the tech industry through groundbreaking venturesHigh performers who push one another, often go farther than solo business owners.