A healthy dose of skepticism is good, but usually they want you to have the best experience possible.

If he has the income to support a $550k mortgage, and a healthy cash reserve fund, he should invest the money.

Personally, I'd be nervous to not get some type of deposit from my guest because I like for them to have "skin in the game" 

Quote from @Lizie Pilicy: I'm considering investing with Kris Krohn and stumbled on a few BP threads.I'm curious to know anyone who actually has experience with Kris could chime in with reports of ROI, etc. and if investments are still healthy and doing well? 

At this point, we are three years in, and have learned that you sometimes have to have thick skin (grit) in dealing with tenants, managers, and RV site visitors; while maintaining a sense of humor and humility.

There are several great ones in Dallas, but I'll bet these days most want you to have some skin in the game, so no 100% financing and also financing of renovation costs. 

When you are willing to cover your mouth with a handkerchief and step over land mines to see if the layout works for a LTR you know you're a real estate investor 😁 lolI've seen it all and smelt it all.Just haven't found a dead person yet in a property heheFunny thing is, having travelled a lotSome cultures consider animalistic smells attractive.Even aphrodisiacs.Personally, I love me some niche perfumes and have always bought the heavy Middle Eastern Oud scents.Repulsive when first applied but give it a few minutes and it blends into the skin making it sweet, sour and woody lolMaybe cat piss after some time smelling it would also blend in with our olfactory senses like it does with the other cultures hehehehe 🙈   

If you don't pay he gets the park back and your asset.That would put me at more ease, knowing that you have skin in the game, and are going to pay me.Gino

Expediting the depreciation with a cost segregation study can add a healthy amount of cash flow in the first year to 5 years when you need it most. 

It's better to preserve a healthy relationship with the tenant than save a few bucks.