This gives you a clear roadmap for how to handle the situation while sticking to what you both agreed to.

Do you know how point of sale is handled?  

If you are worried about this there are companies that handle servicing these payments automatically on a scheduling system if you have a bunch of them. 

For that extra psychological safety of handling a that multi-M upscale luxury property transaction maybe worth it, but that's not your market. 

If they're not familiar then it's your chance to get your foot in the door by bringing 1031 education to them.It's been a few years since I checked but at one time NAR showed statistics that of all the transactions potentially qualifying for 1031 exchanges, only about 10% were actually handled that way. 

There are so many rentals in the area, probably on shared wells, so those people have either decided the STR use is okay or they are comfortable risking it.My intuition is that any actual disagreement over water usage could be handled with the other owner; but the risk would be if the other owner just doesn't like the STR and wants to use the well agreement as a reason to demand it be shut down.Any advice would be greatly appreciated!

In the end we decide to go with Digb because the also handle the taxes and multiple LLCs really well. 

Raising rent by a specific percentage isn't a very accurate way of handling this.

PayPal is the only commonly used app in this country that handles transfers between countries and it is quite expensive.I've chosen wise.com for my international exchanges. 

Cost of living is also lower in Lansing so repair costs are lower.You will want an excellent, locally property manager that handles management and repairs, along with an investor friendly Realtor, CPA, lender, insurance agent, and attorney.To Your Success!