I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

That said, I can handle it when necessary and have successfully built multiple self-started businesses and ventures in real estate investing (REI).

But it’s something I tailor the business plan to just in case.So your investor could get caught in having their loan called with not a lot of notice if things change.

Having before & after pictures is a string tool when dealing with HMLs and real estate agents to gain business. 

The purpose of any business is to grow. 

If you run out, you’re dead in this business.

You rent it for one year and create a successful STR business that shows a trailing 12 month net income of $75,000.  

Understanding the IRS disaster relief provisions is crucial for residents seeking financial recovery.Under IRS guidelines, individuals and businesses in areas designated as federally declared disaster zones by FEMA may qualify for special tax relief.

I only have 4 properties so I cant speak on that Oh absolutely it would not be free just as most integrations in this business are not free.

Provide copies to all parties involved.This project-specific agreement works well for one-time jobs, but if you plan to work with subcontractors regularly, I highly recommend having an attorney draft a Master Services Agreement (MSA) for your business.