It even states that the lease “will repeat itself” but doesn’t specify terms like figures or percentages for rent increases.

How do you gain more confidence as an LP? 

It's going to be more about your confidence in the market that you can afford than anything else, so the primary thing is to look up a few areas you might be able to afford and then look for someone local that can hop on a call to give you an idea about what investing there is like. 

Household Debt Rose by $184 Billion in Q1 2024; Delinquency Transition Rates Increased Across All Debt TypesMay 14, 2024

I have never done this before even though I am a licensed real estate managing broker however I don't feel confident enough.

There is only a $3 difference increase to move to RentRedi, but the customer service is amazing.

The mortgage would stay under the seller's name.The buyer could then rent out the unit, renovate, etc. to increase cash flow or make more money.But aside from a possible "due on clause" being called by the mortgage company, what's the benefit to the seller?

I do want to expand directly in my area and having more confidence when speaking to landlords but that just means my sales pitch still needs work. 

As I expressed on the phone and I have already spoken with Rick as well, I am confident that we have the inventory that meets your needs to build out your portfolio in a faster time frame.  

Pros - guaranteed rent, tenants stay longer on averageCons - more mgmt needed (lease violations), they tend to not take great care of properties (increase maintenance expense or deferred maintenance)