Try it out first test out whether or not you two are a good fit before building a massive portfolio together.Create an operating agreement for your LLC, and create a partnership agreement, defining roles and expectations.

What is status of capex on the building?

I personally like to buy in towns/neighborhoods in which no new builds are possible within 10 miles because all the land is developed.

In my market, which is a fairly economical place to build, I am friends with full time builders that are in their properties about $150k/door for construction level finishes.  

In addition to STR'ing the main house, he is building 2 more units (ADUs) on the back side of the property.

The process to build everything out for clients takes longer then anticipated, but once done they're great sites with software to help manage marketing.

FL seems to have reigned in HOAs recently, so who knows what they are allowed to do.I know that in CA, an HOA can ban smoking in units because smoking is not a protected class and the HOA has an interest in the safety & health of the building. 

Great way to build a business and a rolodex of listings/sellers.

Voice AI is out there and there are impressive demo videos but there’s nothing like a human-to-human trust building conversation.

Curious if any General Contractors have recently originated commercial general liability insurance and build units that are sold as Condo/PUD's.