Here is a high level breakdown of two of the risks that you are carrying1) Liquidity - you are only as liquid as the reserves that you are carrying (which includes whatever is left in your heloc) so make sure that you have enough to cover unforeseen scenarios, personal and business2) Business Risk - as an owner of real estate some of the main risks that you carry are vacancies or non-paying tenants, lower than expected rents (negative cashflow), unforeseen expenses (repairs and maintenance)I would argue that both of these are higher when you are operating at a smaller scale e.g. if you had a fire at your triplex then 60% of your portfolio would be non-performing.

If you have a multifamily property that you are trying to execute a business plan against and have a timeline that you are operating with, you'll want to set expectations up front to hold the PM accountable.

Account Closed in Virginia we would have to update our operating agreement to reflect a change in partnership.

Kenny said, we are starting to see a structure where Operators provide 10% with no upside.

That is not recession resistant, nor is it very fun to own and operate. 

Now I don't know how your self storage operates, so I won't speak on it. 

They operate nationally so may be worth a call.

My partner and I have a great wholesaling operation here, and we have a network of other wholesalers, handymen, and realtors to help you.Message me whenever you’re in town so we can get together.

The experienced small mom and pop operator can still make a good living pitted against these two groups.

There is a house down the street operating like a car shop.