We own and operate a few multifamily properties and also 3rd party manage for other owners with properties 1-80 units including single family, condo's, townhomes, etc in both the Jacksonville and Orlando areas.

I personally like nice kitchens.We throw many parties per year (we're pretty cool people).

Be sure to get any changes in writing, signed by all parties.

@Ryan FoxRealize if you setup a separate LLC to manage then it’s third party managed and you will need to most likely get licensed as well as additional insurance.

With an experienced attorney familiar with PRPs and a third party administrator.

My instinct tells me to name the seller as the Corporation on the contract and have the trustee sign as authorized party.

When we look for arbitrage units for our clients to sublease, we are upfront and honest, as well as explain the risks to both parties of this model. 

My favorite part is having a dedicated contact person that walks you through the entire platform and helps you get set up.

(Idk if this is a still a normal practice) savings are real for both parties. 

The best part is the 3/2/1 Prepayment penalty, which is why it is above 8%.