At the end of the day the PM business is a service business and being unable to communicate with the PM for up to 2 days won’t cut it.

For right now, we don't need any extensive features, but just want the software to be a little more user friendly and RentRedi seems to lack a few simple things that we would like in a property management software.

Second, **flexible terms** and clear communication about rates, fees, and loan-to-value (LTV) ratios are essential to avoid surprises.

One thing I can tell you for sure: Section 8 renters are more likely to be entitled, difficult, non-communicative, problematic, evicted, trashy, etc.

I did look at some of the material participation criteria and we should easily surpass the requirements since we pretty much spent time improving the home ourselves, managed all guest communication, etc.Thoughts?

Maybe give Dad a preferred return to reflect how much capital he has locked up on this deal.IE say property is worth $4m with no debt (keeping it simple), and cash flows $800k annually.

Keep it simple and just charge them an extra $50-$75/month or whatever.

And frankly I don’t care why they want to sell in the early stages of communication.  

They are pretty simple to use and all you really need is a cordless drill.

Do fee simple homes tend to appreciate at a faster or slower rate than condominiums?