(rent increases, add laundry, vending, services, etc)Expense decreases available for upside?

Slippery slope, I am well aware of the slipperty slope, example, 401(K)s decrease, housing bust and people get nervous and stop spending, thus business decreases, thus people lose their jobs, can't pay rent, no renters, must lower rent, lower to lower than positive cash flow, lose your rental, lose you credit.

If the goal is to have a K1 to help decrease audit risk you may want to have an LLC taxed as a partnership.

You raise a good point Harrison i guess people will tend to remember that a guy named Whitney doesn't matter what they think about you, just as long as they remember you. and the market in Hawaii is pretty stable, its not as bad as some of the markets on the mainland but right now is still going through a decrease in volume of houses sold, but the median price hasnt changed much at all.

I post an ad on Craigslist almost every day and have 'For Rent' signs outside the house.My question is, are people seeing the rental market start to decrease/slow down?

yes but, at the same time, there are already a lot of categories and it can be time consuming to keep drilling up and down the tree structure to view topics in different cats if you are interested in more than one highly specific area.also, it seems like posting is decreasing lately so further segmenting will reduce the number of new recent posts in each category even further.just my $0.02

If PITI is less than 75% of rents, rental properties will decrease your DTI, according to Fannie Mae guidelines. 

In addition, in many parts of the country, vacancy rates are increasing and rents are decreasing, so what is an 8% cap today may be 3% cap next year.Also, never rely on Zillow or those types of sites for your comps...

He wants you to do all of the workUnder that arrangement, you'd be able to do twice as many projects which would require twice as much work on your part, but in the end, you'd make exactly as much as if you didn't have a partner.The ONLY way this makes sense is if doing twice as many renovations decreases your risk because it gives you a larger sample.

I think it would be important to understand why the rents have been decreasing, and if that root cause will apply to your property.