If your plans are to buy the land, build an investment property and your friend run/manage it.

Broker relations How did you finance this deal?

In the event that such notice of non-renewal by Owner is received by Broker, Owner shall pay Company the Management Fees, rental commissions, and all other outstanding fees set forth in this Agreement for the length of the tenant lease (including any lease extensions or renewals) or the remainder of the term of this Agreement, whichever is the greater of the two.

"Saturated" is a bit of a throwaway term IMO - I manage STR's on Oahu and while Hawaii is about as "saturated" as it gets with STR's, people are making great returns on the right investments.

Schlage Encode is my go-to for all of my properties.Hopefully this all helps take some of the anxiety out of the reno process - take it one manageable step at a time, try to have fun along the way, and you'll be finished up in no time!

I self-manage and use Quickbooks.

Cap Ex was relatively high last year due to a water line leak wiped out a good portion of the profits the Cap Ex that year was around 48%of rent since rent was lower.

Now we get into management.

I manage over 50 MTRs in the Charlotte market.

First thing is the management company should be working for you.