well  before you work with Jack you should treat him like a tenant..pull a credit report and run him through a criminal and general background check.if he balks you have your answer.it always amazes me that folks will jump into these large partnerships with a ton of risk and not even do the basic background on the partner.but rent some 12 dollar an hour person your rental and you would never do it without doing the above.now most folks will jump on here and say brilliant things like RUN  LOLbut lets be pragmatic here and just check the guy out first.. then when you have that info.. go from there.Also be careful on how you deal with the bank you don't want to put in a fraudulent application..

Be very careful on this one.Good luck.

Tenant quality will usually be better with less headaches for the investment.Even in warm belt states there are really bad areas with crummy tenants and PM companies so you have to be very careful.

I pose the scenario to prepare myself on what could happen when I use a management company to take care of my property.

This is drew the attention of alot of investors.

See link above,  it may help to figure out future taxes.You have to be careful how far out you go with comps in Cleveland, make sure your comps are coming from a small radius, I would go out a half mile - a mile max.  

Best of luck and take care!

I think a cash out refi can be a good idea IF you carefully analyze the deal to make sure you can cover everything in the worst case scenario.

If the property looks well taken-care of and all is well, don't worry about the neighbor. 

When the park rules and guidelines are clear and consistent, there is a huge benefit to the overall look and feel of the park because the unit owners want to keep their property values up and go above and beyond to make sure their house looks good and is cared for.