A couple of years ago, I worked with an investor who never updated the contact information for the loan and the Bank call the seller (ex-wife), that day she was mad at her ex-husband and told the bank her ex allowed someone to steal their property from them and they got no money, she was kicked out of her house and there were strange people living there.This could all have been avoided if the investor did this process correct.Get educated, also I do not know your attorney but not many attorneys have the knowledge to do this process correctly. 

It makes lead management way more efficient since they get to focus on people who actually want to do business. 

Ideally, you network with people who have owned properties for a long time.

There is a way to do it with respect to all parties, but that's not why people are signing up.

In general, most people value STRs for sale based on the income of the STR.

A lot of cities require you to get a work comp policy if you are an owner builder unless you hire all people with their own policies.

Wondering what people's thoughts are.

No debt, they bought this place for like 200k in early 90s, quite old people. im not sure if they will be alive for the 7yr term but they chose it..The reason im putting so much down is im buying w gift money and i want low monthly payments.

Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.  

There are some people that get lucky and earn cash quickly, but they generally hide the fact that it was pure luck or how much work was involved.