I'd try to find a property manager that can help you keep an eye on it and let it appreciate. 

I assume, I will have to open business accounts and use those to manage my business expenses and business earnings etc. 

Partner brings caliptal/down payment (passive involvement) and I do the management (active REPS activity).

Any advice on managing this situation, reducing costs, or navigating the permit process would be greatly appreciated.

For me, it's a great blend of banking, bookkeeping and tenant management software.

The calculation takes more than just Rent and PITI - they consider other expenses like vacancies, management fees, utilities, and more especially for full-doc programs.

Franklin As long as you're looking at things in the long-term, screening your tenants thoroughly, staying engaged as the property management, and are diligent about increasing rents the maximum every year, you should be fine.

CURRENT RECORD HOLDER: CHERWENKA INVESTMENTS LLCDEFENDANT IN FIFA: VISION PROPERTIES OF GEORGIA LLCTAX TRANSFEREE: RIAH CAPITAL MANAGEMENT, LLC AS NOMINEE FOR SOUTHERN TAX CAPITAL LLC SUBSEQUENTLY TRANSFERRED TO TAX PORTFOLIO SERVICES, LLC AS THE NOMINEE FOR SOUTHERN TAX CAPITAL LLC"Based on Above Scnerio for a Tax Lien Listing if Someone will buy the Tax Lien what Will Happen?

All money would stay in the company for repairs, management, buying new properties, and paying taxes if necessary.

And I suspect many managing Brokers are going to be heavy handed with the wholesalers and their techniques which we all know includes miss statements  white lies  and other subterfuge.