responsibilities for day to day running, in all relevant areas of activitytactical decision making (day to day)strategic decision making (longer term policies)what things can only happen if both parties agreewhat will happen if you can't reach agreement on some major issue - ie deadlockWhat happens if either party 'wants out'?

When measured against income, DC is one of the most affordable major housing markets in the country, with housing trading at roughly 4-4.5 times the income.

It is stupid because you get what you get and these houses may be retail quality, but likely are foreclosure quality, needing lots of repairs.I did not have entrance to either house prior to purchase.First house I knew has condition issues inside, and major roof issues. 

The unit is basically open finished space if a tenant wanted to create a salon or make other major modifications, who would be expected to pay for the modifications.Thanks in advance for the thought leadership. 

This appears to be a huge CapEx cost on top of the other major mechanical components of the house.

Yet a majority of my purchases have achieved the infinite ROI (i.e.

The majority of my tenants Tend to be higher maintenance and expect more for less service babe it’s kind of that entitlement mentality.

So i know there are major leaks in the structure and I plan to re-pipe most of it.city building and permits mgr advised he will reach out to me in a couple of days and advise what they have on the property.

Does either currently have a PM company, or would you need to find one (a major factor in an out of state investment).

The situation- property will cost ~750K, wont need major rehab, would pay any rehab in cash.- both partners good credit-  want to have 30 year fixed amort financing, plan to buy and hold- cash down payment of 25 or 30% is avail - no experience in prop mgt or RE investing, will outsource prop mgt- One partner has W-2 corp job, other is taking some time off but doing part time consulting.