James and his people who manage the program are nice and give basic sales and negotiation advice but not much that moves the needle in any situation.

Hey Alyssa,I’m in a similar situation—I live in California and invest out of state.

Another would be you are building other units next door/nearby and you can chalk this build up to the "learning curve".I didn't see a CFO on GLH or GLC's website, but I'm sure you have someone doing this type of financial analysis for your developments?

Consider defining clear roles, ownership percentages, and responsibilities upfront, and ensure you’re protected if the partnership doesn’t work out.Since you already own properties, it might be worth consulting a CPA who specializes in real estate for advice on tax strategies specific to your situation.

@Diego L.That's actually an interesting situation and a case where revocable trust may make sense.

But you also need to check on them for updates so you know how your property is doing financially.

And not those that they bought pre covid but rather in the current market situations.

So, if you don't know how to build financial models, there are some available that are pretty good online (adventures in CRE is a great resource).  

Saw a similar situation with friends.

This is a very common situation with most investors trying to find a way to scale, and it is really nice that you are looking for solutions proactively.