Collateral is first and foremost, but the borrowers ability to execute the business plan within the term of the loan is next most important. 

Safe travels

Going to guess your PMC vetting didn't include asking questions about HOW they would execute their services.Below is part of a standard copy & paste advice for those looking for a PMC.

So long story short we have a traveling nurse staying at our rental that got some water damage when the roof was being replaced, they don't have renter's insurance (which we require in the renter's agreement they sign), water damage has been remedied and is cosmetically minimally affected and still very much in a liveable state.

For the tenant to be able to move in you need to -Go back and forth and fill out HAP contract and get it approved by CMHA -Get the property inspected and pass(if you fail redo this step)-execute the leases then the tenant can move in * Important note (you won't start receiving payments from CMHA till like a month or 2 later after you execute the lease.

Over the past 10 years, my focus has been on building a business consulting company, but travel has impacted my young family.

And I am not even a germophobe, when you travel in third-world countries you can't be, but I would not get into anyone's bath water if I don't have to, STR, hotel or gym.

Overall, it sounds like a well-thought-out strategy, and I think many will appreciate seeing how you execute this project.

But the beauty about the Jake and Gino community is - 1) the coursework gives you the knowledge you'll need to be competent in the multifamily space, 2) your coaches give you direction, guidance, support, and strategies for your particular situation, 3) and the community (network) gives you the resources, partnerships and team to execute. 

We're here to answer any travel or planning questions.