The terms will be fair, but also terrifying for non-performance.

I joined for a number of reasons; education being a small part but gaining access to a well established network of like-minded, high performers in the multifamily world was far more important to me. 

Thanks for the mention @Nathan Gesner@Jodi-Ann Birch we don't do business up in Flint, but we have encountered Gebrael Management a few times as they've tried to do business in Metro Detroit.They seem to have good processes, but please validate they will meet your expectations.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Track your deal performance on a spreadsheet.

Check the competition manually on Vrbo and Airbnb to get the most accurate numbers possible.Google the enemy method if you don't know how to do it.

Building : 1878 /2008 Renovated.Price : $600000 Asking Total Tenants: 15 & Monthly Rent : $21173Deal Analysis Value Over Time Can you please let me know what else is missing in this to get more accurate deal analysis.

Like @JD Martin said if you have the right language the seller must perform and close.

Work to get existing use performing again fully.6.

The signs could be falling rental prices, high vacancy rates, falling house sales, or high mortgage rates.Although investing in real estate is generally a “buy and hold” strategy, sometimes it makes sense to sell rental properties if they perform poorly.4.

Even if I were to collect the late fees it doest’t materially alter my properties performance and my tenants appreciate the flexibility in the very rare circumstances where they are late.