In addition to not paying their rent on time, they have also been operating an illegal prohibited business a yoga studio!

But maybe your plan will work out great.

But if the numbers work out on a deal, they're well worth it. 

You'll also work out with your PM what types of repairs they can do and then inform you about, typically attached to a dollar amount, e.g. you may authorize them to make repairs up to $250. 

I have a deal in the making that I’ve never done.
Here’s the scoop
It’s seller finance.
Cash would be $159k

I would need to discuss this with my attorney but the nuts and bolts would be $184K purchase price, 7% int...

Rarely does it work out where a junior mtg holder And an HOA agree to what the first is willing give them.

Hey Ari, I actually did not purchase the specific property I referred to in this post, the numbers did not work out.

But we could work out a deal where she manages the property, I cover all maintenance costs, and receive the income from the second unit for a specified amount of time or indefinitely.

I work out of state so I’ll need to hire a property manager.

I’ve never liked the idea of wholesalers playing in this arena anyway.....they often will tie up an owner who is on a clock, then they can’t flip it, and it’s like “oh well, it didn’t work out” when the owner Could have sold to real buyer and now likely doesn’t have time to do do.