We are probably going to have a SOCIAL MEET UP for the month of December!

It's just not socially acceptable in our culture.

This is a 2-way negotiation, you may need to be prepared for certain aspects of the operating agreement that may protect your partner.To make a comparison - you are now engaged to be "married" to your business partner.

They don’t tolerate under performing assets or think it’s an option to simply do business without innovating.Even if their rentals/businesses were doing well, you’d expect a CEO to be engaged in a continuous improvement strategy right?

I would say that 4/2.1 would be ideal.6.Modern features such as a functional 2-person master bath, social kitchen, attached 2+ car garage, central heat and/or AC, non-gold features, etc.7.Clean, decent, functional yard (low cost of upkeep, so no pool and probably no water feature)8.B neighborhood or better, and on a decent or better street.9.Attractive curb appeal.

When MikeOH chose to then engage me, I responded to his comments in the same spirit and manner in which he directed them.

The broker I was talking to is somewhat of a friend, more an acquaintance, but I wasn't interested in using anyone else, so I didn't pay too much attn to what this guy was saying, but I was polite & engaged in conversation.

Make sure that you engage a qualified CPA who understands the tax issues you are facing.

Sometimes folks are surprised to learn that the QI needs to be engaged before the sale happens and the proceeds need to go to the QI.Myself, I'd never invest in CA.

So that gets to satisfy the social aspect of landlording for me.