Well not all bad I’ve learned a lot I bought a 2 unit that needed work but it’s taking too long and costing too much.unit 1 is ready but the exterior needs work as well as the second unit. should I sell take a 35% loss and move onContinue saving/investing in repairs repair Just enough to get a HEL Nothing focus on my other business that is making good profit How can I speed/turn this deal around?

We need to move for personal reason and are trying to avoid selling and loosing the low rate as well as the cash flow.

Will this impact our ability to get competitive financing (we are both well qualified as individuals and even more so together)?

If she did her job well and got a good a tenant, all she will have to do is a regular inspection, collect rent and pay you. 

Thanks Tyler  They have 18 reviews on google - so I would check that out as well. 

I think you may want to start of the arrangement in a more simple fashion.Ask for a loan in which he will get a stated return 6% to 12%.If you are both successful happy with this arrangement, upgrade to a partnership.I think a partnership off the bat makes things complicated.You will also likely make more money in a loan agreement if the project does well.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Well, well well...isn't that interesting...

Just make sure your LTR tenants keep their units nice, so your STR units' market well.  

If not you will have to cover the cost for both (unless you have a well).