I will say that I may be spoiled in the Midwest as we can buy cash flowing properties fairly easily. 

I am aware of what I got myself into and the price is fair.

I cash flow mine, so as long as I can get $300 a month or better ongoing cash flow, I'm okay with taking out some cash as often as I can maintain that.

Since it’s impossible to create a true cost per side, I just waited for renewal time and made adjustments based on fair market rents. 

I have him video the entire park twice a month so I can see if  the entire park is clean and being maintained well. 

Damages look fair, we will need to do lots of re-painting (they painted loud colors on most of the walls and wall papered 😂), lots of holes, and some minor wear and tear that we anticipated.  

Therefore - your liability should be limited to the amount that you contribute to the partnership/LLC.Whether you feel 50% is fair or if you should be entitled to more depends on what each person is bringing to the table and what his/her level of experience is.The more experience a person has the more leverage he/she has to demand a higher percentage of the profits.A general contractor/property manager with 20+years of experience likely has more leverage than a contractor who is just starting out.It also depends on what you require as a rate of return.

Finding a quality PM and paying them a fair fee for their service is a big part in that if you don't want to do it yourself.

I wanted to ask for General Contractor referrals, could anyone please recommend a trustworthy, fairly-priced general contractor in the Houston area?

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.