At the very least an attorney can help write a strong demand letter that will give the receipts more authority.

Not sure how you can demand seller for repair since it was never brought up.

You will then report the information reported on this K-1 on your individual tax returns.Whether this is a fix and Flip or rental property will make a huge difference on how the partnership will report the information on the tax return.I normally suggest that beginners can track their expenses in Excel.

I feel like other investors are more aware of the market and would therefore just flip the property themselves whereas individuals are more likely to fit the mold of the motivated seller.  

There are plenty of individuals or teams out there that have deals but no money.

The cons: those areas aren’t in as high demand and the tenants will probably be more of a chore.

The right answer depends on such a multitude of variables and circumstances that unique to each individual at that point in time…What are your specific goals?

This clearly highlights risks in class A and accurately talks about pricing and salaries that need to catch up on new construction, not supply / demand for MF in general. 

Otherwise we have a master key for us and they get thier individual keys.

Eventually, I would like to purchase a property that would be in demand (as a rental) for the ski season, and be available to me in the summers.