@Fiona HumphreyJust make sure the property cashflows if the owner of the business dies and you're forced to rent to a normal everyday tenant.

He really is a proactive person.

Personally, I believe it's preferable to have stricter requirements and wait for a qualified tenant.

I don't think that I'd personally trade that in for STR or multi family, the hassle of people is much more than dealing with the hassle of a warehouse business at least in my mind.but if the cash gets your overall portfolio to a place you'd prefer more then go for it, but personally the current deal sounds awesome.  

Wondering about the impact of AI on marketing strategies in real estate? Is AI taking over human-generated content for things like sales pages, emails, landing pages, and website copy, or is the future a blend of AI a...

As for starting a business, are you looking to start a "real estate" business or "non-real estate" business?

My real estate business runs without me.

Who is personally going to be liable if the guarantees aren't met?

Having a person answer the phone costs the PM company substantially more than operating a support button with a delayed response.

If you lack the funds to flip any other way, go for it, but do understand it's not a business model for long term success.