One to diagnose and one to fix after a part is ordered. 

In the same boat considering going this route with a property :)

Make sure all parties know the jurisdictions that you need permits/approvals with, and whatever duration you think it will take to achieve permits, probably add 50%.  

It is when a tenant and landlord put in writing factual information about them renting and both parties sign.

We own multiple commercial properties in our portfolio across several states (both local and not local), that we self manage, so that part I am not worried about at all.

With these types of units to house boats, trailers etc.

Or just start out collecting a fee or hire a third party to manage.As for a buyout down the road, you could put an agreement in place from day one that specifies a set time period that you will buy out the partner.

Generally most of us aren't going to go through the guilty party's profile and take down everything that qualifies because it takes a lot of time and effort, and most threads have an extremely short shelf life - no one is going to remember it or see it a couple of days from now.

CAFEFULLY used, sub to and seller financing can be good for both parties. 

Material participation isn't just a box to check; it requires active involvement in the day-to-day management of your properties and meticulous time logs of not only the investor’s time but also other parties (like the PM company) activity.Navigating Short-Term Rental Tax Strategy:So, how can you avoid the same fate as Jackson?