I am trying to understand how that dynamic may change if I was sponsored by a broker outside of our office.

It doesn't seem this "accelerator program" is offering anything of true value and quite frankly I am surprised someone such as yourself who has 10 years of experience and owns 50 properties would fall for a gimmick.I've had friends and family swindled by the gurus and seminars out there (I've been duped myself before) so I can understand the cynicism, but not every community is just a gimmick.

I understand that not all deals pan out as pro forma says but at least yearly updates are essential, quarterly even better.

If Im understanding correctly, youre buying the home from your mom who will take a first position lien on the property in exchange for carrying the $100k of the purchase price on a private note.

Chicagoland is extremely tenant friendly so understand that going in. 

Let's re-frame this to help better understand. 

Can you please help me understand better what potential concerns in your experience can potentially arise here? 

Tyler local, so sparked my interest whenever I see anyone post about the area.Given that your duplex is fully paid off and generating a steady cash flow of $1400 per month, it's understandable that you're having second thoughts about selling it.

What I am trying to understand is after Coachella ends, would it still have the strong recurring demand/occupancy for STRs?

The owner was motivated due to personal circumstances and wanted to avoid the hassle of listing the property publicly.To negotiate the deal, I started by understanding the seller’s priorities.