Just hang on and wait for the big years to recover and get back to the average.Real estate can be somewhat passive, especially in a partnership. 

It all depends on how much that will increase the sale price and if it creates a usable, functional space. 

You can pay yourself a guaranteed payments that is subject to self employment taxes if you had partnership that would qualifying for contribution.You can establish another entity and pay yourself a property management fees form multi family ventures. 

Would love to connect and is open to partnership as well.

Hello,I've read a lot about going into a partnership with a friend.

I created a checklist of functional items (faucets, deadbolts, garbage disposal, etc) to check every time there is a new tenant, that way if they break something, you can go back to the checklist and show how it was working properly when they started renting the place and you have a better argument to pass the cost on to them.

Local custom will likely define the bedroom area of a studio, it could be the entire room or it may be defined by a fixed divider dividing the sleeping area to other functional spaces.

I have tenants who just moved into my condo and are requesting compensation for: (1) repainting (I had to repaint a wall in a different color than they originally saw when I took down my speakers); (2) loud bathroom fans in each bathroom; (3) Ceiling fans that are outdated but functional; (4) wall wiring so that their t.v. does not reveal the wires; (5) fridge filter which admittedly was old and they noted that my flooring has a soft spot but did not request replacement (yet!).

Adding sq ft must be functional. 

Nice of you to think of little ol' me:) Nothing good to say about borrowing or partnerships, but I see the EM is the problem.