Treating property management as "passive" income lowers the bar on professionalism and hurts both tenants and properties.

We bought the house and the lot at the same closing together from the same source.

This does not eliminate risk of further regulation but it does lower the risk.

Also, define how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.

I did a cash out refi on my paid off SFR and the lender gave me back 168k cash after closing.

If you have elderly parents and want them close to you but having their own space.  

The Court's decision in Loper will create a sea change in administrative law with wide-ranging implications and potential opportunities for highly regulated industries, like the real estate.This will create an opportunity for more efficiency and lower costs in the real estate economy.

Sorry to hear about your troubles but not uncommon.You will find recommendations in the group.As you can imagine, we keep our trusted contractors close to our chest as we give them volume and need them working for us.All the best 🙏

If you were to do a cash out refinance after the property is completed and take out that equity, you could pay off the heloc and lock in a lower long term rate on the home.

Cash offer, quick closing!