Thank you for your feedback, I am managing my own, as well as others.

I will carefully consider the information you've provided, and it will undoubtedly assist me in making well-informed decisions moving forward.

After he was successful in being more profitable than his neighbours (one thing he's done well with is driving traffic to his direct booking sites to cut out the host sites that take so much in fees) he started taking on investors that put the 20% down for say a DSCR loan.

As well as nails and screws removal and patching large holes from walls.”

I have also read that having a sizable emergency fund is vital, as well.

Everything should be in writing, down to the type and name of the kitchen cabinet handles, the tile name/brand/color, the texture of drywall,....everything that will be a part of this project must be in writing attached to the contract and signed by both parties.

It does also cap rent increases to no more than 8.5% which while annoying (probably most especially in NY, where price of living is high), does at the same time help the tenants out as well as helps stop tenants from leaving for no reason other than huge rent increases. 

If you're ever looking to utilize an agent again for tenant placement, I'd be more than happy to help with that as well. :)

You'll also want to come up with the process for dissolution if that comes to be as it often does in partnerships unfortunately. well he is going to give me the money and I will do all the decisions so he will be a capital partner?

There is a a common theme as well and they all come from the same guru who may or may not be mentioned in this post.