Related parties are defined as family members or entities in which you have more than 50% control.

What @John Underwood said ^^^ there is no way to easily control the temps.And the way my brain works as a lifelong business man is....it sounds like possible HUGE liability issue.

I'm probably missing a thing or two but that's fine.This year we hired a controller to help keep everything running smoothly.

I listened to a BP podcast back in the day (like Josh and Brandon days, I think) where the guest joined the HOA board to give himself control over rental policies.

Sometimes both.Your HOA may cover pest control, but that's something to consider.Regular Maintenance - within the 1st year on a new build, you shouldn't pay for anything.

It's important to know and consider the max rent potential, cost of rehab, and municipal requirements (rent control, registrations, inspections).

They probably prefer a more active control of their investment or are probably doing deals on their own. 

And since you control the phone number, if you need to change people its easy to simply change the login without having to issue new instructions to the tenants.

You have very little control over the use of the property, the HOA and costs, especially when it comes to capital expeditures and improvements. 

@Adaze Foltz  Benefits:Direct to the source; more control over the receipt of the funds (initial and any rehab draws); able to not just establish a relationship, but also perhaps gain referrals of other private lending sources (those that are happy with the returns and payoffs - talk (boast) to their friends); faster to the table; can negotiate the terms (rate, when payments are made, other fees and when they are paid, etc.); usually nothing reported to credit bureaus.Risks:Using up the private sources money (tapping them out); The private lender didn't receive their payoffs on other loans as anticipated so they are short of funding your deal(s).