And if tenants don't want it, you now have to remove everything and store it for next tenant. in two years when next tenant moves in and tries to rent it from you, its now obsolete. only way I see it working is if you rent large items, and have a very large portfolio to sustain it, and have personnel to maintain the items. that's with no research into the matter though, just my initial thoughts.

However I am incredibly driven and I have the time that he lacks to acquire and manage these properties if need be.Now regardless of whether we are friends I am going to assume a contract will be the best way to go to maintain our roles and be held accountable for our part in the business.

Its been tough for REI here over the last few years...perhaps why there hasn't been enough interest to maintain a BP group in the area.

Your operating expenses will likely be higher, due to more maintenance issues related to a house versus an apartment building, more water heaters to break, more exterior items to maintain - fences, site work, drainage, etc.

And folks who maintain jobs and are apartment material will of course keep paying rents (albeit with some concessions, perhaps). 

I want my properties to maintain market rates.  

Hi Derek,Cashflow positive real estate will help your ability to qualify for a primary residence mortgage, not hinder, assuming an REI-friendly lender, and that you maintain adequate PITI reserves (if you have healthy retirement accounts, that'll typically do it). 

Dad has been a very difficult tenant due to having new pets without informing, not maintain yard etc... and other issues.Mom was working in a different city and was not added initially. 

They co-mingle funds, they do not maintain clear and consistent lines of responsibility, etc.  

It is required by brokers that you purchase this policy to protect them and yourself from negligence on your part.Also, the MLS isn't an entity that charges fees, the various associations of Realtors charge membership fees and your local association maintains your local MLS.