This is definitely a great idea for retaining tenants and showing exemplary empathy while you do it.

What steps do you take to retain good tenants?

How much CapEx do you retain?

There is a great value to the FD and I believe the distinction between a conveyance of full interest (land included) is unsupported given the fact that people can donate property while retaining a life estate - but, the law appears settled.

I am thinking that I will need to retain an attorney for this.

I’m curious, are you retaining a lawyer to assist in your case?

I have experience in all types of PM as well as brokerage and I have been trying to retain a few first clients to go out on my own.I would imagine some of the things needed, somewhat in order, are:1) Infrastructure - stationary, software, vendors, maintenance2) Write up a good contract specifying what services you will be offering and the fee structure involvedHope this helps jump start your thread... :)And the best of luck to you.

I negotiated with a seller and got him to finance 20% of the purchase price on a 12-unit building and had the Bank do an 80% LTV which allowed me to retain all of my operating capital.

Also, there are such things as retainer agreements, where the investor pays his/her attorney a monthly rate in exchange for defined availability and services.

You could charge the buyer a higher renewal fee for retaining such great tenants but again, I don't see the justification for a higher monthly management fee.- My husband's company does maintenance, lawncare, etc so we would continue with that as well (although extra charges for the new owner as far as repair costs, etc). -- Not sure I follow this point.