Curious if this is normal practice or in other management agreements people have signed? 

Hi there, if you're open to holding onto the property, converting it into an Airbnb or short-term rental could significantly increase your cash flow, especially with the current demand for rental properties.

So the (presumably) two people currently on title would get $500k in capital gains excluded.

Here are some best practices.

How do you really hold yourself or others accountable in practice?

I'm based in Connecticut and currently looking to get into multi-family properties.

I find it odd that this isn't a more standardized practice.

We gave the current tenants a notice that we need them the evacuate in 30 days.

My current property management company doesn’t offer this service, and the only company I know of is very hard to communicate with.

If It is a wholesale DSCR lender that also does TRID loans, they might require a bit more paperwork, such as a VOM, mortgage statements for properties currently owned, and credit supplements on mortgages on your credit report.