It’s worth understanding their opinion and sometimes this kind of request means they see more potential in the deals than they’re letting on.

Make sure everyone knows a cleaning schedule, expectation for common areas, how are you splitting utilities, guest policy, etc. 

But it won’t take that kind of event for someone who needs cash flow to fail.

The most common options used by investors seem to be an LLC or Umbrella Insurance. 

Only thing better would be initial deposit and then paid in full upon Certificate of Occupancy and punchlist complete.Of course, standard items should also be checked: licensed, insured, willing and able to pull all required permits, reference checks.I would also commonly avoid the cheapest bid you get.  

Amortization length along with any DSCR requirements comes into play also to determine what kind of down payment requirement you may have to meet. 

I'm also considering a separate living room space or maybe some kind of artist studio. 

As in the common rent for properties of the same size that you can put a box around on a map. 

Otto, in my opinion the kind of ROI you’re talking about is well worth the “risk”.  

I know our title plants in the metro areas of Or Wa are all off shore and its common to order title one day it gets worked up in the Philippines at  night and back to Or the next day or 2 days.. but this one really shocked me thats why I thought to post about it.