I do recommend always consulting with a securities attorney to evaluate your situation and to provide appropriate guidance for maintaining compliance.

But if it's high with a lot of hips and valleys, spending more for a more durable, easier to maintain roof may be cheap(er) insurance against costly and difficult repairs in the future.

Generally though, I break it down into the "five pillars" of protecting your assets.The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments(maintain your property, etc) - these simple steps will help you prevent lawsuits before they even occur.

It starts to look ugly after about 4 inches if not maintained.

These units were well maintained and in great shape.

The owners were unable to maintain the property to a point of disrepair. so the terms of the split are mutually beneficial to everyone.

I want to live in the SFH portion and house hack the studio as a STR, but when I move, still want to maintain the STR income without dealing with the hassle of coordinating with a cleaner or turnover assistant.

If there were some structure in place where the PM was able to take some percentage of the prophet combined with some measure of how the overall asset was being maintained, I would be more interested.Something like, the longer a tenant stays and the better the property is maintained the more the PM takes.My experience is more of a heads the PM wins, tails I lose. 

Ultimately, the rule allows for these costs to be incurred while still maintaining a healthy and worthwhile net profit.By the way, I see you're here in Atlanta and offer private money services.

Reporting / maintaining record : Property manager keeps the record of what happens at your property and report to you monthly usually. 4.