With the potential for a small financial loss on your end, litigation would certainly not be worth the hassle and expense.

I want a real estate agent with a hustler's mentality, who knows the neighborhoods, studies appreciation and deal analysis already, understands short-term rentals, and is potentially looking to be a scalable partner with me.

Be sure to actually contact the landlord for verification—fake references are more common than you’d think.In-Person Meeting: Meeting potential roommates in person is a great way to get a feel for compatibility.

This can range from minor exaggerations to outright lies about employment, income, rental history, or identity.Key Signs of Potential Fraud:Inconsistencies in Documentation: Discrepancies between the documents provided and the information filled out in the application form can be a red flag.

Plan for a smooth transition: Respect the notice period and prepare for any potential disputes.

I a factoring in the replacement of the AC unit and potentially the water heater, and the cosmetic thins (I would do myself) to get it to rentable standard.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Certainly from a capital raise perspective, $5 -10 million is a reasonable amount.That being said, raising capital for a blind pool fund is much more difficult than raising capital for a syndication where the property is already identified and the potential investors know exactly where there money is being invested.

By emphasizing your qualifications as the basis for your decision, you steer clear of potential issues related to discrimination.

Wish you the best.If I was you, first step is evaluating costs associated with doing MTR and comparing with potential rental income to see if it makes sense to do LTR or MTR.