In retrospect I could have used more poise in navigating that aspect and might have made it to the finish line if I had been more aware.

The other 2 partners would be actively managing all aspects of the property (maintenance, tenant issues, etc).

Teri, the best advice you have given is for Zach to see his attorney and disclose his activities.If people would begin learning about RE from the basics, by that I mean the reason RE is valuable, what the economic considerations are, what types of interest are held in RE, what rights exist, what are the bundle of rights, what does "DUST" refer to in RE, how are these rights valued, then how are land and improvements valued and why, what legal constraints are there in owning or holding RE, how are business law issues and contracts applied in RE, what are the legal aspects of liens, encumbrances and interests at law or in equity?

A PM contract is a serious deal and you definitely want to be on top of EVERY aspect of it.

If you have a going concern can show good track record that would be critical in my mind.

Jon KlausOne aspect that is often times over looked is the "stepped up basis".

Ben,Thank you, I will look into the commercial aspect of bigger pockets and read up on Ruhl and Ruhl!

In a sub-to, the owner conveys their "second position" in legal title and all of their equitable title, according to the degree of conveyances as contracted (all or part of their title interests).A Special Warranty Deed is the same as a General Warranty Deed except the SWD describes aspects of title that are not warranted, for example, all rights except those interests held by XYZ Bank.    

I attended a landlord bootcamp which I HIGHLY, 100% RECOMMEND even well experienced landlords go to, not the city run one, which I also have been to and came away thinking it should be called the "tiny bit of good info and LOTS of veiled threats if you're a future slumlord class" but its from the Apartment Assoc of SE WI (I'm a member for full disclosure) but you'll get 8 or 9 hours of PRICELESS info directly from the attorney who my usual, general practice lawyer said is hands down the one to call for any bad eviction or potentially big liability type deals and he'll go through things that the city for one, would never dream of telling you, such as how in Milwaukee Cty, our judiciary is very biased to the left side of politics as you'd guess for a generally left leaning county, but that many of these judges take those political stances right into their courtrooms and you sure as hell better be prepared for rulings that fly in the face of the current laws, especially the changes made a few years back when the GOP gained TOTAL control of state gov't in legislature as well as the governor seat and as was national news at the time, went like a machete through the law books and fixed a lot of things needing fixing, including several relatively minor aspects of landlord/tenant laws that COULD be exploited, as well as stuff that didn't make sense anymore, etc.

Before you go dumping any cash into Adwords, even if you've done it before, each campaign has its own results so split testing your ads before you commit large $ to them is critical 👍