By doing so, this unlocks the door for having a cost segregation study performed on your property.

A two person partnership at 50-50% each has been often described as legal malpractice.Consider having persons assume the roles they will actually perform and document that role:The guy who finds the deal is the owner.

But here are some really interesting numbers...Ok so this one doesn't look too bad but notice how much more the townhouses and condos dropped in prices over the last downturn.2007 peak to now isn't so good...Before the 2007 run up to now is better, but even then, apartment condos performed the worse (so best case scenario, you have the worse performing asset type, worse case scenario you had a terrible return), and that's assuming you had nothing go wrong with the condo (special assessment etc)But benchmarks don't even tell the whole story, because if you had a specific condo investment, and you tracked it's value overtime, benchmark prices isn't the right approach as it evolves overtime (benchmark price is the price of a typical property generated at each point in time).

Another close friend got all this guys bank statements etc and found hundreds of thousands being wired to casinos right after he received wires.  

As a general legal theory, when the parties act in reliance on a written agreement and perform on its terms, the agreement is enforceable, even if it is very badly worded.

I highly question the underwriting performed.  

So you still want 10% for performing the same work?

Hey Stephanie - If you’re open to STRs, they tend to perform well in Orange County.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

.- I have not done a brrrr since the rates increased in early 2022 because in my market they bleed cash after I perform a refi to extract some of the value add