Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to,, “Maintain to the Neighborhood”.Why is that important?

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to,, “Maintain to the Neighborhood”.Why is that important?

1. if you meet "Material Participation Test" 2. maintain proper record3. involvement in STR 4.

The problem with a double block is that unless you own the entire building you are at the whims of the other side and if they do not want to maintain it, your side will never be worth what it can be.

When my clients are looking to wholesale and are struggling to find end buyers (Party C), I always tell them that their best resources will be Facebook Groups(which you mentioned), LinkedIn, and local REIAs.The key is to build and maintain long-lasting relationships with both avid rehabbers and renters, as they are both viable end buyers.

All involved want to be fair, maintain friendships, and since this is a new partnership structure for me, I would appreciate any and all guidance or resources that you all have!

Hi William from western MA-You asked which markets you should be considering for cashflow with the option to mid-term (MTR) and short-term rental (STR) near hospitals as you work in healthcare.One market that comes to mind is Lansing, MI which offers strong cashflow for longterm rentals with healthcare facilities to open up the MTR and STR options.You can get a duplex for around $135,000 and can put a longterm tenant in one unit and furnish the other unit for MTRs and STRs.We have an excellent property manager there to help you manage the property and maintain it and we frequently help out-of-state investors build their portfolios in Lansing and other markets in Michigan.To Your Success!

I understand so many aspects of real estate, what I would consider the most valuable skill is looking at properties and figuring out best way to go about the hack to maintain a particular quality of life.  

It doesn’t.Here’s what SC law says you must do—no matter what the lease says:Keep the unit safe, clean, and livable.Maintain HVAC, plumbing, electrical, and appliances—unless the lease clearly shifts that burden.Provide heat, hot water, and running water (again, unless legally excluded).Maintain common areas in buildings with 4+ units.Want to access the unit?

You can search online for recommendations or contact local landlord associations for referrals.In the meantime, keep all communications documented and maintain professionalism in all interactions.