I like Stessa for asset management and not property management.

Who wants to sell their worst-performing property and turn it into a better asset? 

The average homeowner is estimated to be underinsured by 40% based on replacement costs and that doesn't include the interior contents and assets, many of which are in the multi and even mega millions.

This doesn't mean you should because out of state investing for a newbie is difficult and if you listen to the wrong people can really burn a whole in your pocket.That being said, if I were you, I would likely diversify my assets.

And I much prefer a group where the members are also getting rich (not just the organizer).I am not paid by Brad!

Taking the loss now is preferable to paying out monthly for the privilege of being a landlord.

But this way you have appreciating assets paying off your appreciating asset.

That's why I prefer absolute dollar appreciation rather than percent.   

The asset may be fine, but the budgets are too small to actually execute.  

You and the other posters here have been generous in indulging me in this exercise of considering this "partnership" / BRRRR, but demonstrating that we can invest successfully on our own power before seeking out partners is not only my strong preference but just sound business logic.As a new investor my head starts to spin when I start to think about investing, and the many gaps in my knowledge reveal themselves: how to structure a partnership?