In all honestly in every single avenue I think you will be fairly disappointed in the returns.

I thought having a rental property owned by an LLC was fairly common for investors.

Attorney states are really, really strange to us who are use to our "normal" title and escrow companies and the fairly similar processes they use.   

Get your criteria on paper before you do another showing,  put it in the hands of everybody who views  (along with lead disclosure,  WA landlord tenant law,  fair housing poster,  and everything else I cannot remember you are required to give people who are viewing)  and send copies post-haste to anybody you already showed who is still interested.   4)  I don't think it is illegal to change your price after advertising  (clearly it is OK to reduce your price, if nobody is biting)  but if you have already taken applications it would be kinda sleazy to change the price on them,  and if you do, make darn sure you communicate  the same exact price change for EVERYONE who has already viewed or you could be hit with discrimination claims.  

I'm fairly confident based on this sample that I'm not overpaying on PM, and I'm probably paying below market tbh (keep in mind I'm counting leasing/renewal fees in addition to the monthly percentage in the number I quoted you.

I want to be fair to my tenant but I also don't want to get a repair that doesn't fully fix the hole.

Also just a caution that if one partner is putting in sweat equity/services for his interest, the accounting for it gets fairly complex.

I don't think you'd lose much money if you gamble with one.

But since this can happen it's fair for a landlord to be able to evict even if there is a one year lease. 

Good morning guys , I’m a licensed real estate agent here in New York , and I’m fairly new .