When acquiring a large portfolio of rental properties, what strategies have you found effective for managing or dividing the properties?

Of course I don't know what you have, but typically what I see is probably better to sell it and maybe buy two in Someplace like Sherman if your resources allow that.

I know you are probably bummed about this and feel like you made a mistake, but if you can figure out how to hold this property and buy more properties and hold them then you will end up making significantly more money in the long run; you don't build a real estate portfolio by selling.

Why he even considers selling his property at 50% off? 

The buyer maintains the property and pays the mortgage.

If the later, then set a timeline for say 5 years (don't care how long) and then sell and go your separate ways.I do have a business partner/friend on the investment side and we have three properties/ten doors together.

just say rent is not being paid, or should i include things like unauthorized pets and damaging property by not having water on since may and sprinkler system disconnected, damage inside property?....

Did GP sell to avoid being called by lender on personal guarantees under the mortgage debt?

I can’t see how to BRRRR effectively with these properties.

By the way I am looking at properties in a high fire risk area.