Account for all costs, including closing fees, holding costs, and repairs.

They ended up with no help, and less money in their bank account.  

I do the same for my LTRs, tenants have to get their own utility accounts and they are fully responsible.

I can "cash flow" more from my stocks/index funds and high yield savings account with far less stress. 

It’s more about:Have you invested in real estate for your own account and have you been successful at it?

Simplified ManagementFor those managing multiple properties, AB 2622 streamlines operations by expanding your hiring pool and removing the red tape often associated with minor repairs.Why It Matters for TenantsTenants also benefit from AB 2622:Faster Maintenance: Minor issues like plumbing or lighting can now be resolved promptly.Fairer Move-Out Costs: Affordable repairs mean tenants aren’t hit with inflated charges for damage beyond normal wear and tear.Things to Keep in MindWhile AB 2622 makes maintenance easier, landlords should still vet unlicensed workers carefully, ensure proper insurance coverage, and remember that jobs requiring permits must involve licensed contractors.AB 2622: A Win-Win for California’s Rental MarketAB 2622 strikes a balance between flexibility and accountability, making it easier for landlords to maintain high-quality rentals while fostering better tenant relationships.

So, I would only recommend doing it when there are synergies to take advantage of such as the partner having a skill like HVAC, interior design, accounting, etc. 2.

It took me 13 months to open a bank account in Belize.  

$700 negative cashflow without taking into account several expenses.

Maybe self-accountability does matter.