A partnership doesn't compartmentalize liability as effectively, and the requirements for a C-Corp tend to be too laborious to justify it for smaller outfits.

Get clear with yourself about how you want things to be run and develop an effective way to communicate those guidelines before they sign and things should improve.    

Also, how can I effectively negotiate closing cost terms?

Local newspapers/blogs for city and state info.4.

Ellie Perlman has a great blog you can read more about it.https://www.ellieperlman.com/blogJoe Fairless also has a podcast, Im sure you can find more info there as well.Good LuckAlly

I’d like to give you the details and see what yall’s thoughts are...10 Unit (of 2 buildings)Listing Price: $1,100,000Potential Gross Income: $124k6% Vacancy (but building is currently 100% occupied).Effective Gross Income: $116kNOI (Including a 5% CapEx and 7% Property Management): $75kDebt Service is around $50kLeaving me with an annual cash flow of $25kDSCR: 1.5B/E Occupancy 73%Cash On Cash: 7% (with 30% down payment)On paper, it seems like a great deal based on everything else I have analyzed in my local area.

Also the blog regularly mentions interest rate analysis.

Housing is a necessity and MHC is one of the most cost-effective options.- Increasing Demand Across Age Cohorts: Boomers downsizing coupled with a growing number of Americans who can no longer afford to rent or own traditional housing continues to drive demand for MHC - see chart below.- Limited Supply: Only 10 new MHC sites have been approved in the U.S. over the last two decades - see chart below.- Downcycle Outperformance: MHC is the least sensitive property type to negative changes in GDP - the average stay in in MHC is 13 years, unheard of in residential real estate - resulting in stable predicatble cash flow with an ability to consistently, yet responsible increase rents.Lastly, a quick glance at some MHC investors and proponents:Warren Buffett is a significant investor in the MHC space, favoring the sector for its stable, predictable cash flow.

We're looking to quote you in an upcoming article on the BiggerPockets Real Estate Blog about Commercial Real Estate.If you'd like to contribute to the article, please answer these 3 questions: https://www.surveymonkey.com/r/FS5WCP6

On top of that, since the majority self manage, they know that they need to live close to their properties to be the most effective.