Finally, if I were in your spot I would be interested to learn, if I could, more about the circumstances of the potential tenant.

Upcoming assessments toward building renovations, I agree assessments to building that have neglected to properly maintain the building can be a pending burden.

if its too good to be true it probably is. i never do any of these programs. anyone that sets a timeline on real-estate success is not genuine, there are so many circumstances for each individual investor that determine that trajectory.the only person making a good investment in 3-6 mos is the guys taking your checks.

Then you have to decide based on your life circumstances what makes the most sense for you.

But people seem to rarely be held accountable either for malfeasance or neglect anyway, in both fields. 

I refer him to section 4975 to read more on these implications as I don't know his exact situation/facts and circumstances. 

When you turn the house into a rental later on, you can use rental income to offset the payment and buy a new home, but it cannot be an FHA loan (you can only have 1 FHA loan open, unless there are extenuating circumstances).Hope this helps!

Neglecting the Guest ExperienceA memorable guest experience is central to success in the short-term rental market.

This could further enhance their value and your overall return on investment.Remember, every individual's financial situation is unique, and it's crucial to consult with professionals to tailor a strategy that aligns with your goals and circumstances.

I like your idea about putting something in your lease to say that tenant is responsible for any maintenance/repairs on GD due to tenant neglect/abuse.