Concentrate on your strengths experience will come along in your journey.

He has a partner in the sense that they split the costs of staff(office and maintaince staff), properties are well maintained and cash flow.  

So how can we refinance these projects, and maintain this 50/50 split of rental incomes on all properties we acquire going forward?

Follow-through.Here a couple of clauses from our rental agreement you may find helpful:MAINTENANCE OF PREMISES.Landlord will maintain all electrical, plumbing, heating, and other facilities and appliances supplied by Landlord in good working order.Landlord will perform periodic inspections of the premises, no less than once a year, for the purpose of property maintenance and repair.Landlord will notify Tenant in advance of the inspection.

I want to maintain the property in excellent condition.What can I do?

The home while not very high-end, it was clean and seemed to be maintained fairly well.

I had similar issue, did a flip, my nephew was contractor that hired subs, he had to many other side jobs to concentrate on my project.

One was a recent purchase and the latest owner didn't maintain it that well so I had a few items come up in one inspection that needed repair.  

I do not touch any of my profits from my properties ( unless they get up to a steady amount, usually 10K for me) this way that money is there for a new roof, furnace, hot water heater, whatever may come up. i just purchased a place and the first thing i did was have the roof replaced, 15K later, i know i am good for at least 25 years, if a storm does not rip it off, but now i know that property better have at least 15K in reserves. take what will be your worst case repair and make sure you have enough, or close to enough, in reserves for that property. but as others have stated, constant inspection of properties and equipment will help you prolong any of that, have an HVAC co. check the systems or a plumber check and maintain the furnace either every year or every other year, check roof for missing shingles or exterior for rotted boards, keeping the water out will maintain the structure within, exterior maintenance is a must.

Here's just one of many stories:https://www.linkedin.com/pulse/great-retail-apocal...Multiple factors:  online shopping, a move to experiences from owning stuff, unappealing stores, and the same stuff everywhere.There's an elephant in the room, IMHO, and that's the concentration of wealth and income into a small group of people.