If it works out you go ahead, if not you only lost a few thousand. 

lolEric, if you are OOS and you are self-managing, there will be some costs associated with that, but the LL will still be ahead of the game. 

For the former, any decent accountant should be able to set your straight. 

More amazingly, it’s the ninth straight month of double-digit price increases!

If you can afford to learn on this property, go ahead..Be happy to chat. 

That is really how you come out ahead. 

Straight from the MLS, I'm looking at a 4/2.5, just over 3,200 SqFt listed at $315K with an average area rent of $2100/mo in a Class A area.

Way to make a head start. 

Good luck, you’re already miles ahead for starting!!

In doing so they may want to be nice and fair, but they may be unnecessarily complicating the arrangement and creating future problems.A bunch of individuals holding a gifted or inherited property as straight TIC is often fraught with problems.