What I prefer is a employee relationship since it gives you more control.

By you displaying that you upgrade the property and take an active interest in providing a quality product it fosters a better tenant and in turn better returns.

I might be inclined to find a part time employee or licensed professional to handle it that wants part time work as well.

They're really just employees.

TOTAL waste of money, maybe not...fast forward to now+-a few yearsI worked as an employee for a few years after I graduated from southern oregon university with a business degree, and very quickly found out that I'm not a very good employee.

Do I hire them as employees?

Most my tenants continue to think I'm the employee who is the peacemaker between the two.

A contractor who pulls the permits can have anyone of his workers (employee or 1099) do the work.

You position is weakened by the fact that you acquired the vacant lot with full knowledge of the encroachment.All this information comes from a former real estate appraiser and bank employee (VP of Real Estate).

Although employee wages have remained virtually stagnant while executive pay has skyrocketed probably doesn't have anything to do with it.