It's done all the time and even better when you market it and include the current plans and permits (assuming you have this in place).

You are better off asking at AVVO.com or LEGAL.comAssuming every answer you get is accurateWell meaning people can give some pretty bad advice, because they don’t know it’s bad adviceNever making a decisionInvesting means taking action, it’s a participation game.

@Anna HoweConsidering your upcoming move and the challenges of long-distance property management, selling your home in Winnemucca might be a better option.

Until it gets better or a deal whose numbers work out. 

Everyone things bigger and better is easier and that is not always the case.

Which is the better situation for the long term?

If you do you will get better terms. 

To explain the situation a bit better the 3rd party company is called Obligo, according to them once they receive the repair estimate from the management company they instantly pay them.

A better arrangement would be, paying him an acquisition fee, a property management fee and then splitting profits pari-pasu to your capital contributions.

SCREEN better.