Similarly, working well within the community is best served by having us investors, as a group, reflect the diversity of the community.This is great for the buy-and-hold investor, as it means that the changes happening through this program are supportive of a healthy revitalization path over time for the area, while maintaining the things about the area that are already working so well.

My properties are not held in an LLC at present but my LLC currently is collecting rent checks, maintaining the property, ect.....

If we maintain this equilibrium we will maintain a healthy market.

I try to only do one bigger project to help maintain a budget, but doing this as a regular practice has been very effective in improving the overall quality of my rental units as well as vastly reducing service related issues.As an example, a recent 1 BR we made ready to rent had an older multi-piece shower unit in a bathroom with older sheet vinyl flooring.

BiggerPockets maintains a directory of clubs.

They will give you the real scoop after turning over multiple tenants, maintaining the property, etc...

I want to maintain leverage throughout the renovation phase. no way im trusting any contractor to do the work in a timely manner when handed the money directly before anything has been completed. 

So what percentage of ownership/equity do you typically maintain when you pull all of your money out by bringing in an equity partner?

If it is an area I wouldn't want to visit, I wouldn't buy there.I also get a local team set in the area realtor, PM and maintainence so I have someone to call when a problem arises.Steve

Looking to maintain empty property in Queens preferably because it’s closer to my job