We can’t profitably turn it into a LTR, or easily anything else.Desirability - well two favors balance out.

So I'm confident I could find a solution, but would probably be forced to walk away if there was no favorable outcome for lease termination for the investor. 

Schloe talks a lot about how amazing of a team he has found, so congratulations on building a group that is a win-win for everyone involved!

Build a local team for cleaning and repairs to streamline operations.

They should have local options with teams they approve of. 

Diving deeper.. check who’s on their team, how they structure their deals, and whether you’re comfortable with how the profit splits work.

Contractually, I'm sure I'll be on the hook for something based on their PM favored literature, but can I contest that they have done absolutely nothing for me, including not paying me as my defense?

The team sport model is how many syndications operate.

ProsL.A.Low vacancy Renting is almost a necessityHigh rentsExpensive 6-8 units vs 14-18ConRent controlLaws are favoring tenantsMass exodus Phoenix population growth 2.3% job growth at 2.1%no moldIn the sunbelt IE good for baby boomersCheaper 14-18 units vs 6-8ConHotter then SatanLots of competition Low rent Higher vacancy?

I’ve also been in touch with a design team, and they’re quoting a fee of 10% of the total construction cost.