But need to handle the risk of remote investing, and lackluster appreciation.

How I handle them is typically not well because I am not as swift as I should be - this is when having a PM is so valuable.Whats your goals/vision for 2025 Fed?

Converting the partnership into a Tenancy in Common (TIC) could work, but keep in mind this requires dissolving the partnership structure and redistributing ownership, which may have tax implications depending on how it’s handled.

If you do decide to work with them, you could set up a clear partnership where they’re equity partners and you handle the management and operations.

Despite being based in NYC, I’ve learned to delegate, handle operations remotely, and watch my brother thrive as a leader on the ground in Boston.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

>One major issue and they can be wiped out.Having negative cash flow does not imply not having the reserves to handle every issue.  

After looking at your post, I realized it's probably necessary to have a dedicated real estate attorney handle this issue for me since it's serious and I might make a mistake big enough that probably will cost me too much money to fix.

I’ve also worked for a few investors, focusing on organizing maintenance, handling tenant relationships, and coordinating upgrades.Now, I’m venturing out on my own.

If you have the extra cash you can buy more units or be able to handle expenses that crop up more easily.