You would have to create an HOA to manage the common area and keep control of that or create a self-managing HOA for the four owners to manage together.

The contractor didn't want to pick them - it was a 15 mile drive (in California traffic, this would take a lot of time).

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

Property is located at a wonderful highly traffic location. 18k cars a day and will only be increasing. 5 of the 13 acres is zoned commercial, the back 8 acres is zoned large lot residential.

Thanks again Original hardwood floors are beautiful but will take a beating from the guests' traffic and their suitcases.

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.

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.

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

Of course the co-signer should be significantly stronger in ALL areas as compared to the applicant...usually this is a parent or relative, and they should be well established, with ownership of real estate for years; long and stable employment; no, or very distant, criminal and traffic court records; well funded SAVINGS/IRA's or stock market accounts.

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