Given the bureacracy and corruption of the city government, I recommend hiring an experienced tax attorney to fight any assessment.

Or just start out collecting a fee or hire a third party to manage.As for a buyout down the road, you could put an agreement in place from day one that specifies a set time period that you will buy out the partner.

I haven’t had to hire out PM for my rentals yet but what I’ve been told is that 10% are good, 80% are mediocre/fine, and 10% are awful. 

You will trust too quickly (hire a fake guru) or never trust at all (analysis paralysis) and find yourself stagnating.If you aren't working on yourself as a person, you aren't working on your business.

I can't do anything myself besides paint, so I hired a contractor because my real estate agent recommended that he could do alot of things and would be cheap.

.- Buy or scale quick enough to be able to hire a handyman full time (students are relentless)- Just tell your PM team to make the the tenants - life is easier that way

Hiring a property manager to oversee things can also be a big help.

A situation happened to me recently (my fault completely), I hired a landscaper, did not have a full contract into place and just had text threads between us..

As a new STR investor, hire dynamic pricing to help you manage revenue.

I agree, hiring a real estate attorney would be the best way.