Depends on how you plan on purchasing2.

Otherwise, it would depend on the maintenance requests and what is observed during them.2) Require them in writing, so you can track them!

It has been interesting to see prices come down in places like Florida, Texas and Idaho and inventory in those places return to pre-pandemic levels.

To answer your question, it will really be dependent on your investment strategy.

How you handle this depends on your skills, your state laws, and your court system.

This is going to depend greatly on where you are building.

With DSCR loans you'll typically be able to get up to 80% of the purchase price and the majority of lenders will include the taxes and insurance into your monthly payments so that you don't have to worry about setting funds for that aside over the years as a landlord.

the way the DSCR ratio is calculated for example on a loan is the comparison of rent vs the mortgage payment plus taxes and insurance 

For CA investors Nevada has many tax, landlord, and market job growth advantages.

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.