It would be a direct sale with no brokers involved. 

Although the cleaner is probably the most important piece to the puzzle for your STR success, there is alot more involved with managing it.

Clearly this structure has been discussed amongst prospective partners since "Mike the builder" has instructed the parties how the purchase agreement should be papered.  

Out of state investing involves too many moving parts.

The primary form of diligence we see on the forums is "what do you think of XYZ sponsor and deal" whereas the common form of diligence in the space by institutional investors, large investment groups, family offices, and sophisticated investors involves following the sponsor for years, underwriting the deals, validating rent comps, background checks on the general partners, and a host of other diligence that materially de-risks the investments.  

My goal is to understand the current demand and rental potential for ADUs in this part of the city, as well as the costs involved in building.

If you had a mold remediation company do all the work and mitigation, send the threatening party the reports and clearance.

Turnkey companies usually handle buying and renovating the property, then partner with a local third-party management company to handle day-to-day operations.

Investing in real estate and 1031 exchange replacement properties may not be suitable for all investors and may involve significant risks.

However, their terms involve a 20-year amortization, a 5-year ARM, and a rate of prime + 0.5% thereafter.I’m exploring other options for financing and would appreciate any suggestions or advice.