When I go to get more work done, I use the person that was fairly priced and met my expectations that first time, I do not shop around again for the lowest deal.

Expect delays and unexpected expenses: No matter how straightforward the project seems, having a contingency fund for emergencies is essential.Your Team matters.

On the "most will not cash flow", I meant it as an expectation of rates vs. output.

At our firm (tax advisory) we are offering a service to help clients with this and we expect many tax/cpa/law firms will as well. 

In the long term  expect RE to appreciate at a rate equal or greater than CPI.  

If a repair will take longer than expected, update them regularly.3.Surveys and Feedback: After a maintenance issue is resolved, follow up with tenants to ensure they’re satisfied.

Scenario 1 they don’t or refuse to move- eviction costs and/or lost rent Scenario 2 they move out and Cap ex and turnover costs, lost rent, advertising for new tenants in a somewhat of a qualified tenant shortage, headaches can be avoided by simply having a conversation with the tenant to see where their head is at, and that they understand what your expectations are.

How much time / cash / other are each individual expected to contribute?

I can't imagine being in a partnership with someone that brings nothing to the table but expects the same return as you do.

Our experience has been that MTR residents do not book way in advance of their travel and they want to see great pictures, so being pro-active won't be as big a deal as you might expect.