So if you're going to go down this route, as always in life, focus on relationship building with key people so you can turn to them when you need some help.

It sounds like you started with no money out of pocket, so by selling, you could pay back the investor, helping solidify that relationship for future deals, and will also hopefully have some cash in hand to allow you to go after the next project potentially on your own.

I would like to connect with more like minded individuals who are willing to build great relationships and net worth.

it could effect your banking relationships.

Can we just start charging the tenants based on historical average usage (by adding a clause to the lease)?

Can we just start charging the tenants based on historical average usage (by adding a clause to the lease)?

That will help with maintenance and service calls as you can build a relationship with that local company.While researching the service companies you can also ask the repairmen what appliances have the least amount of issues.

so to be successful at this end of it means.. you need great contacts at your title company that will give you a lot of information and also do a date down literally on the phone with you.. you catch 97% of what needs to be caught but your still taking risk.you need to be able to prep your own docs.. you need to get the seller to a reputable notary  preferably at a title company your going to end up using to resell so they know the deed was not forged or coerced .. then you need CASH to either pay off the loan that day or reinstate it.. you need great relationships with the trustee's handling these you should be on first name basis with the person in charge of the file.. then you need courier service to run the cashiers checks ( in my instance from Portland to Seattle to NW trustee services). 

Relationships take time to develop...especially the more upstream you are swimming for deals. 

Nevertheless, definitely continue nurturing that relationship.