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.

What is your go to property management software for rentals?

Many rehabs look like the other guys "contractor specials" - no heart, no joy.So how do you find a designer who will commit to creating and selecting a scheme for an overall project?

I have a tenant #1 that keeps making noise complaints of  tenant #2 playing their music to loud and late at night. I have talked to tenant #2 about the complaints and she has said she will turn it down and not play mu...

I have used the PMS Avail for the last two years to manage my units & screen all potential tenants.

Personally, I would only use HELOC money if the project will be rather quick.

We manage only 2 units with hot tubs, which are a great value add.

Faster Turnaround : Depending on how much work needs to be done, the project could be finished quickly, allowing for a faster return on investment.3.

An up to date tenant quality map would really help me make better decisions as I expand; I'm 100% remote from several states away.I plan on expanding my Akron and Canton holdings, but I might be convinced to start picking up properties in Cleveland too if the numbers work better with similar levels of managed risk.

Build a team of professionals to work with pursuing mutually beneficial goals (Agents, Contractors, Property Managers, Lenders)I look forward to meeting more members here and learning more about RE investing in the area.