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.

@Kenneth Jenkins you forgot to mention owners that expect a PMC to use contractors off Craigslist that are unlicensed, NOT insured and rarely have acceptable experience/skill - but, they quote the "best" price.These same owners will sue a PMC if using these types of contractors results in a tenant lawsuit.

I don’t know how skilled etc. he is so I am answering off of first glance. 

🌟Great no move to Multifamily With the same skills you can manage a 1M fourplexMore independence when you grow your familyStart the journey to bill wealth  if you have a 350,000 at 6% your wealth per year 21000with a 1M  your wealth 60,000 per year  3XBuy a 350$ houses you need to have good credit great Income personalBuy a 1M  Multifamily    (my unit 350$ same income)+ 2Unit rent is your income+ 3rd Unit rent is your Income .Same only that your roommates don't live with you.

I think new investors heavily overlook the skill component needed to successfully pull off a renovation to then rent out properly.

To build a platform like that, you definitely need technical skills, but it needs to be informed by real estate domain experts as well.

If I have a skill, knowledge, the right contacts or or a passion that can be leveraged into potential gains, that is where my money is applied.

You've proven that you can manage the dealflow you are handling so it makes sense to me that you leverage those skills to help others with their deal flow.

What @Nathan Gesner said ^^^^ plus....do you have other construction skills like plumbing/electrical/tile/etc?

Selling and exploring a 1031 exchange could make sense if you can find a deal with stronger cash flow or faster equity growth, but the key is comparing your current return to what your skill and experience could generate in another investment.Here to help,Jorge