@Jason Dubon I use a percentage of the rental income to prepare for expenses.

I’m excited about the opportunity but want to make sure I’m fully prepared before moving forward.

I wanted to get other people’s opinion of JWB as a PM company. I have been disappointed with the amount of fees and personal piggy bank attitude that the PM has regarding owner investments.
My experience with JWB ha...

Quote from @Nick Am: @Brett SynickyAnswers and thoughts below in Bold--> I am trying to setup a management company (LLC-B) and charge LLC-A management fees.

I believe that you don't get returns (failed to deliver) with bulk mailers so you don't know which addresses are bad.That's the simple stuff.My advice is to do various mailings that you or some prepares locally, that go out immediately, using 1st class postage.

Also, you need to be prepared to screen prospective tenants yourself and verify vouchers before committing to lease.

I’d love to hear your thoughts, advice, or any experiences you’ve had with similar situations.

It’s great that you’re being thoughtful about the process!

One other possibility to prepare for is that the court may ask the two of you to meet with a mediator prior to the judge hearing the case.

That said, what is not clear is whether your CPA prepares a partnership tax return for the deals where you guys partner up.