Hello BP Community, We reached out to Pace (subto) specialist and did get confirmation this scenario was possible.

@Wesley W. i assume you’ve already confirmed how title is held and that the property will need to go thru probate.

If it’s illegal activity that’s one thing, but if the sponsor has a recent poor track record - who is to confirm that or verify it without having it third party independently audited - same goes for those good sponsors.

I have yet to confirm if it's legit because the license details are behind a paywall. 

For bookkeeping and financial management, using accounting software such as QuickBooks, Xero, or Wave can streamline the process.

So I strive towards using Lodgify which is a standalone solution that hosts creating a web front, connectivity PMS Channel manager with seamless integration with air airbnb and booking.com. although the platform is very useful we are now seeking towards expanding to a new platform that can onboard us with more rental platforms، based on my research I found a channel manager by a company called Rategain, unfortunately we cannot integrate it seamlessly so the solution would've been to use automation software (Zapier) that can bridge both platforms.

You confirmed what I was thinking. 

I was told this by a lender, just looking to confirm it’s a thing.

No, I have not seen anyone pull this off.Additionally, many lenders want no part in this because if the relationship between the two (or more) veterans goes south, then the loan is in trouble.However, I have 2 lenders that confirm they actually do these, but do so few and far between.

I'd make sure you've confirmed deposits have been transferred to the new PM along with any rent they've collected or your own deposits they may have (my PM keeps $500 of my money to cover any repairs that may come in).