It's a friend or family member and not a business, like a person, they would need to submit a proof of funds from one bank account with a signed letter saying they will provide the funds for the purchase of this address.

I recommend creating a new post with some specific examples we can address.

As mentioned if you're concerned, just keep a close eye on your credit profile during that period!

This is very well worded, and I believe covers most new investors' concerns and questions. 

I'd recommend having them help out with the contract portions, if anything to help with liability concerns.

We are with you every step of the way……..until your check clearsplease do a thorough vetting of any investment you make, at least if it is a size where a loss will cause you concern.   

At some point the tenant called Code Enforcement over some minor gripes instead of contacting the PM and expressing his/her concerns.

Sounds like it could generate some good monthly income, but it could also be a hassle being that far away and only 1 property.Yes, but we have friends in Fairhope that manage rental properties so we aren't as concerned about that. 

I suspect this would happen if various parties were given the ability to ask questions in nearly every application for what this thread touches on - and I have major concerns about integrity (and credibility) issues involved in putting yourself in a position to defend this position if ever challenged. 

After nearly 3 years of operating history, I'm concerned that the properties are not performing well enough to warrant continuation of the venture, and I'm considering selling.