Hi Vishal, I'm based on Los Angeles and know some MTR/STR owners in Riverside county.

The property is based in Milwaukee, WI.

He's based out of Boiling Springs, but lives in Greenville.https://www.benmasoninsurance.com/

They will make him wish he had never been born :-)https://www.wikihow.com/Report-Employers-Who-Hire-Illegal-Im...Also, based on a recent thread regarding how pretty much anyone with a pulse and eyeballs can be a contractor in PA, I would bet there is no agency to report said contractor to with any teeth to suspend their said toilet paper license. 

@Jesse Edwards, I was just thinking, based on your original post, you should be talking with the building department to understand if there are any nuances in your jurisdiction.  

But some people do.As an agent, my team works with a lot of investors and based on experience we require OOS clients to meet with us in Milwaukee at least one time to check out neighborhoods in person.

Based on your explanation, it looks like I fall into category 1 since I plan on repeating this strategy at least 2-3 more times.  

With this method, we can be confident that our conclusions are based on thorough research and impartial analysis.

@Brittany RogersonYes, you would want to work with a fee based or fee only financial/wealth advisor both have advantages over a traditional advisor. 

idk, i feel like there are necessary details missing here. but i'm also wondering if it would make sense to just reallocate the percentages based on what each person is bringing to the table. it would've been easier if you did have an LLC whose operating agreement you could just change. there's also the 'lazy' 1031 or 'reverse' 1031 where you just make the sale, then strategize with your cpa on how to offset the cap gains for that year. also worth noting: 1/3 of something is better than all of nothing. it sounds like it's not really that partnerships aren't working, it's moreso that you feel like your % is no longer fair?