Another step is to ensure any contract you're considering includes "assignment is prohibited" language.

Please share your experiences on some things that worked for you and what didn't work, and also tell me if I am crazy for even entertaining any of this.

(I have been consistently reading on here and am truly amazed at the wealth of knowledge and guidance so freely shared with each other regardless of their experience!)

No depreciation is being claimed.RentingFamilyMember has a few questions, which may be mutually exclusiuve:(1) Can RentingFamilyMember just quit filing Schedule E altogether and call this some sort of cost sharing arrangement? 

I am always down to talk about real estate investing in Columbus, Ohio.I can share insights on investing on both single and multifamily properties, including out-of-state investing.

Valuation for Property Management 3X to 5X Seller Discretionary Earnings or 1X to 1.5X Annual Revenue, depending on how well established the brand and reputation is in the market, market share, number of units, scalability, etc...Transaction Structure, never buy a Property Management business for cash,  you must include an earn-out structure or provision to protect the purchase against clients/property owners leaving post-transaction.  

Is it normal for the commission to be shared if partner?

Looks like they're trying to revive the old Prop 10 legislation from previous ballots and renamed it the "Justice for Renters Act" -->"Justice for Renters Act" Just another reason why I'm glad I'm not investing in CA.Happy to share my experiences.

I think you would want your family to have access to money as well since there are payments due and a lot of money might be tied up in probate (this could create an issue) - life insurance and/or a shared business account could allow for payments to be made until the regular accounts are easily accessible 

I would be happy to share it with you.