As the property manager, it concerns me that the software does not allow me to select message timing and verify content of communications that are sent directly to MY tenants.  

Sellers who are in financial distress or dealing with a property in poor condition might be more open to this type of arrangement if it helps them get back on their feet.The key to making this work is transparency and clear communication.

I think you see on BP the biggest heartache investors have with their GP is lack of communications.

Service disruptions can understandably lead to frustration.From my perspective in the self-directed IRA industry, effective communication and responsiveness during transitions are crucial to maintaining client trust.

If you understand how to screen very well, communicate with them respectfully and can somehow understand the dynamics of the community, you will be ok.

I recommend that you only communicate with the tenant in written form (email/text) which can be used in an eviction proceeding. 

Clear communication and budgets.

We've used Reg D 506(b) for our syndications and ONLY communicate with investors that have a prior relationship with us.There are two illegal activities that I see all the time. 

Sellers are notorious for not communicating any changes in their unit counts to avoid paying taxes.  

Transparency, regular communication, and clear milestones have been critical to making this successful.For those of you who are considering working with private lenders or want to improve your deal structure, I hope this gives you some food for thought.