Yes, the other stove was probably not working anymore because of their lack of cleanliness, but how would you feel if you were in the tenants shoes?

Of course there are very veteran investors here, but a lot of them started in the same shoes as us.

If I was in your shoes, I'd try to get you and the PM pulling in the same direction by paying a flat fee of 12-18%.

I expected a bit more - maybe the other shoe hasn't dropped yet and they're still coming...Interesting, perhaps it's a different crowd of travelers.. 

If I were in your shoes I would purchase it in a single LLC with you and your partners as 50/50 owners. 

If I were in your shoes I'd be trolling the assessors site to actually confirm your thesis.

If anyone talks to you about it tell them the truth and ask they what they would do in your shoes?

Then, I did more research and the family was worried about the tax consequences of doing all straight sales and changed our plan to trading these wildly appreciating condos for true Multifamily and more cash flow to help us to be financially free.More education by reading, attending an excellent 2 day workshop, and talking to many people that had been in my shoes at one time, we chose this current route.  

@Nathan Arceneaux - I was in your shoes a few years ago (except for the kids) working 50+ hours a week and travelling all the time.  

I have known others in your same shoes to go the NNN route when they fully retire.