Her team also did some finishing touches on the rehab (such as arranging for the repair of a broken toilet and AC unit).

When the company tries to bill for a “service call” they’ll tell them to go ahead and place a lien on the property or sue the owner  A tenant isn’t responsible for your repairs because they called and arranged it at your direction.

If it were mine, here is what I would do.Call the Police Department (right tnow) and tell them a tenant is threatening suicide (on x date) and ask what to do.Haz Mat cleanup after finding one of these sad endings will be  PITA expense and memory you don't need to live with.If it were mine, and he's lucid and approachable when not drunk, I'd warn him about the drunken fighting behavior and tell him it must stop 100% right now (no more) or he will have to find other housing arrangements, and if need be evict him (and be prepared for a Haz Mat cleanup, carpet replacement, smell abatement, the whole unpleasantness of handling the situation--Police tape, neighbors gathering around, etc...). 

As I tried to arrange a walkthrough of the unit to see if he caused any damage and if we'd be giving him the full deposit back, he kept on saying the times and days didn't work for him, and insisted "the place is perfect, you won't find anything wrong." 

In the current arrangement, when she hasn't paid, should I be sending 5 day notices in her name or the absentee tenant?

I also want to know exactly how hands of the third party managers make this arrangement?

For instance, if we agree to commit 10 hours each week to management duties associated with a STR and I hold my end of the bargain, but my partner doesn't, I wouldn't be too happy with the arrangement. 

If distributions are considered return OF capital, then LP capital account is reduced and pref payments reduced accordingly.I repeat this is a very complex issue and all the details of the deal matter.In general, I would say return ON is a better arrangement for the LPs and logically there worse for GPs. 

It’s just more common that we follow the rules and regs in our contracts and the title company is the neutral third party that sees that the contract is executed as written.If you are a buyer outside of Arizona, the title company will arrange a remote signing and send a notary to your home or office or local coffee shop to get your pre-closing paperwork signed.Actually you never have to step foot in Arizona to buy a property here.

I have tons of interest in this particular property, but this seemed like a fantastic low maintenance arrangement in some ways.