You hit on all the key differences between banks and private money lenders.

I left numerous contact me letters to speak to the owner to discuss options and potentially cash for keys.

Key Market Movers and How to Track Rateshttps://www.biggerpockets.com/blog/2024-dscr-loan-rates-and-...How Do DSCR Lenders Calculate Your Interest Rate?

His lawyer said no , but he said that 5 million was a good number . he tossed the keys across the table , told her to open the gates at 5 am and warm up the trucks , and a whole list of things , and to cut him a check for 5 million . 

Such as yard signs, lock box, MLS keys, showing appointment services, help in filling out contracts, and X hours of consulting advice. 

If we have to bring a key to them, it's a $20 charge.

@Matt J.As an out-of-state investor in San Diego, key tax and legal considerations include filing a California non-resident tax return for rental income or capital gains, managing double taxation with potential tax credits from your home state, and complying with withholding requirements on property sales.

There are syndication/crowdfunding funds currently being launched now which intend to take over deals from syndicators/operators (where those same owners would otherwise have to turn the keys over to the bank).Generally the ones in trouble are those that structured too aggressively (high debt, floating rate, etc).

If simplicity is key, selling outright is best; if deferral or family planning is the goal, consider gifting or a 1031 exchange.This post does not create a CPA-Client relationship.

Certainly if you go turn key you could consider less for maintenance and CapEx.