Now I'm not a licensed agent but I do have quite a few anecdotes about how agents and others that work in the industry here put up huge roadblocks to maintain the status quo.

Once you set up each entity, it is fairly easy to maintain.  

Look at how the properties are maintained; what types of vehicles are in the driveways/carports, etc.

the #1 thing that i have learned about real estate is that pretty much everyone you deal with is going to be hilariously greedy. this isnt my experience 100% of the time, but it is like that 99% of the time.i dont know about you, but seeing a property that is reasonably valued at $120,000 listed for $205,000 is outright ridiculous to me. all that tells me is that the owner is not in a desperate situation. most deals can only be had when the seller is downright desperate from my experience.in terms of deals ive seen hat are good in florida - i have seen absolutely zero since then EXCEPT maybe one, which was in a slightly remote location. the name of the motel is the Tangerine Inn (find it on google) in Volusian county here in florida, and i believe its a 12 unit foreclosure a few years ago that was listed for $160,000. the low price piqued my interest, and upon inspection, i saw that it was actually a doable deal, but only average. there wasnt a lot of competition nearby, but the place was very old looking and outdated. it required about $90,000 to fully renovate, and maybe $40,000 to get a few rooms up and running at first.a few weeks ago, i checked the volusia county property appraiser and saw that it sold for $60,000 in 2014 which was not bad at all. i called them and they charged a ridiculously high $80 a night for a crappy room. my guess is that they average only about a 35% occupancy rate whereas i have about a 90% i maintain throughout the whole year.besides that, every pther motel deal ive found online through sites such as loopnet were hilariously bad. $600,000 for a 10 unit motel. $950,000 for a 13 unit motel in clearwater beach.i will add more to this soon

If they're able to perform and maintain their tenancy, even with the occasional rent raise, then we're good.If a tenant comes in as a new tenant with a specific income, then loses their job and their income drops below our "minimum", we don't terminate their tenancy.

They may claim that the mold was negligent on your part as the landlord to adequately maintain the property from moisture coming in. 

And folks who maintain jobs and are apartment material will of course keep paying rents (albeit with some concessions, perhaps). 

I want my properties to maintain market rates.  

However I am incredibly driven and I have the time that he lacks to acquire and manage these properties if need be.Now regardless of whether we are friends I am going to assume a contract will be the best way to go to maintain our roles and be held accountable for our part in the business.

Its been tough for REI here over the last few years...perhaps why there hasn't been enough interest to maintain a BP group in the area.