Your system may be performing slightly more inefficiently because of the added back pressure.

"Partner approval" screams newbie who can't perform. 

Great way to start, but using one is not a reason not to perform your own due diligence.Properties # 1 and 3 for us came from a turnkey provider. 

Scenario 2: $20,000 worth of renovations done by mePurchase: $50,000Renovations: $30,000Total Investment: $80,000Liabilities: $100,000 (private credit line)Equity: -$20,000 (negative due to draw to myself)If the property performs the same as in scenario 1, I have -$16,000 in equity on my balance after year one. 

We continue to work on setting our team (contractor, realtor, etc) in place and finding more ways to leverage them for tasks that would take away from our time.

If they "decide to end lease early" then they are abandoning the property or failing to perform on the lease.  

What you did was no easy task - not just from the logistics of it but being able to get into the right mindset to do this deal.

Beyond the internet research I perform, I want to begin speaking with local property managers, real estate agents, contractors, etc. to get some expert advice on neighborhoods and market trends.Being the socially awkward individual I am, I am having a hard time imagining why these people would give me the time of day.Has it been everyone's experience that when you call a property manager on top of the google page with a bunch of questions, they spend the time with you to earn your potential business?

. - PM gave me the OK to schedule my own plumber (reputable, licensed, insured) to perform work on my unit. - My plumber notices that many common area shut off valves are seized and almost all shut off valves in my unit are seized. - After testing the shut off valves in the basement storage room, one of the hot water valves started leaking.

-Also will be searching for a performance coach down the road, happy to field ideas or guidance on where to start there.