Yes I understand that possibility, that's why I try to build relationships with the builders that I work with so they know that I'm trying to get them a good deal and I know that I can trust them with any potential contracts.

I would put the house in a trust with my daughter as executor.

Real estate is definitely a constant learning experience, and adaptability is key.Building connections with buyers in a new market can be a real challenge, especially when trying to understand their specific needs and earning their trust.

It is one of the reasons I like a Wrap Note and Mortgage (or Deed of Trust). 

He holds them in trust and cannot take ownership of them until a future event has occurred: A charge related to the tenants' leases for breach or excessive wear and tear, etc.No credit, no physical transfer, no closing.

You have the advantage of knowing people in the space and being a trusted source for housing for people coming in. 

Still do your own math though....not that I wouldn't trust him, but every house and every neighborhood is completely different. 

They can refer you to a trusted property manager and contractor from there.

A few months of reserves might seem like an unnecessary drag on your ROI—but trust me, it’s far cheaper than the alternative.

Buying a turn key rental, in an area you know or knew well, with a property manager you've met and trust, in an area that is large enough for you to have other options to find contractors and property managers?