Example:"Dear Tenant, I'm sorry you are unsatisfied with the rental at 123 Straight Street.

Having a set schedule definitely helps, and organization is definitely another big thing.

Last month, I purchased my first rental property in Baltimore for $117k and invested an additional $13k in renovations.

But LLCs and banking accounts is mostly your personal preference of how you would like to organize your business structure.

Research specific neighborhoods for safety and rental demand to ensure they align with your investment goals.Hope this helps.

I’m staying focused on making the best out of my preferred local markets where I know the zoning regulations and what is required governmentally to either own rentals or to do work on my buildings.

While a flip is more intense, owning a rental is NOT just sitting back and collecting money.  

An established organizer offered me a partnership and wants to give a friend 10% equity for scouting new locations.Questions:1.Would hiring a professional real estate agent be more efficient and beneficial than giving a friend 10% equity for this task?

It's a simple rental arbitrage. 

Our interests are currently more focused on short term rentals, but we are also interested in many other aspects of real estate investing and looking to make a start.