The number 1 thing would be to have a lawyer look over the terms and contract to protect you in case something changes for them through the course of the owner financing.

Lastly, have a real estate attorney review the contract to protect your interests and comply with local laws.

Are you protected if there is a correction in the market?  

Liquidity is equity, equity gives you protection from any lien holder whether seller, bank, HML, or PML.

The ordinance itself says it is intended to "protect residential integrity."

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Frequently the price is higher than a consumer would get if they contracted directly with a contractor.  

The longer that you are in business the more familiar you get with how to protect yourself.3.

And yes, the best way to pick my brain is by consuming my blog.

.), $2.1K of travel (flights & rental cars), $2.3K in software subscriptions (PMS, etc.) and $300 in mealsManagement Fees ($1.7K) - PM fees, booking platform fees, etc.Cleaning Fees ($6.2K) - pass-through charge for guestRepairs & Maintenance ($10.5K) - General R&M ($1.5K), Painting ($1.2K), Plumbing ($1.5K), Pest Control ($500), R&M Supplies ($500), Labor ($3.5K), Linens, Soaps, Consumables ($1.5K)Legal & Professional ($1.5K) - LLC setup & lawyer fees ($350), inspections ($1.1K)Utilities ($6.4K) - Gas (avg. $63/mo.), Electric (avg. $121/mo.), Internet (avg. $60/mo.), Water & Sewer (avg. $107/mo.).Please let me know if you see anything glaring or things that I can work on bringing down or eliminating completely.It's important to note that up until I hired the full-service PM in April '24, I was self-managing from out of state and paid a local boots on the ground resource when needed.