If that "boots on the ground" partner has the responsibility of handling the issues, they are going to want to provide a property where the management is as easy as possible....since they are the ones doing it.

It would be so easy to find something obscure that is against code on your house. 

You could add an access panel door at the plumbing locations for easy access.  

General rule of thumb- Rentals in an LLC almost never in a corp. 

Murphy exemption to Fair Housing rules.

I am new, but when evaluating properties I use the 1% rule.

Ok, the bank accounts is easy to figure out as well as no co-mingling funds/property... keeping corporate records is something I have no clue about or the corporate law piece... any guidance or direction there is greatly appreciated!

We are in the process of selling a home and wondered if anyone can clarify on the detail of the 2 out of 5 year rule.  

Finding a good management solution is not easy is some markets...some investors never do find one.

So basically is there a set rule that says if a new tenant moves in under a new lease that I cannot raise rent to market, in this case it would be almost double. thanks for taking the time to chime in anyway. all input is appreciated