Then there's the "Wall Street vs Main Street" concept where one can have more control of real estate versus stock & bond market investing.

I’ll never understand people who cede total control over to a property manager (including letting the property manager own the listing, OMG, never ever ever do that!!)

Consulting with a pest control and mold remediation professional could give you a clearer idea of the potential scope and cost before making a decision.

Find a good property being totally mismanaged - offer to purchase 60% and take operational control selling your property management expertise and future profitability, providing property owner/seller with enough cash to pay off his pressing debts keeping current loan in place. 

I work  with investors that are staring their investment journey this way and they find that they can get control of a great property for a small down payment.  

Anywhere else in the northeast just doesn’t capture enough year-round traffic.

Not sure who you could talk into doing this.. you lose all control..

I’m worried about legal/insurance exposure and also just generally annoyed at all the foot traffic in the u it

Within three weeks, we managed to coordinate all aspects of the sale, including helping the seller transition her belongings into storage and securing a solid offer.This wasn’t just a transaction—it was about helping a client regain control over her life.

But if you both want to own/control the properties it probably makes more sense to have a legal entity.