Any development work they've done on the property also becomes your property.If the property becomes yours, you could try to sell it back to them quickly and below market for a nice profit.

While you don’t have to decide this instant (you could always convert later) it’s good to have an idea of the market differences between mf and condos. 

I've never heard of Kin, but I too am in the market for short term rental insurance.

Fortunately for me, I started investing a time in the market where everything went up.  

If, through the process of renovating the property, the market shifts, do you have an alternate plan for the property, whether it be to live in it until the market improves, or convert it to a rental property, etc. 

No one has a "crystal ball" to time the market perfectly. 

Those are always good because your unit can get on the market again faster and the tenant usually leaves in an orderly fashion.NJ is an attorney state.

The 2 older adults would be the market.  

I now offer "limited service" as a PM for 10% which includes marketing on 20+ channels, 24/7 guest communication, daily pricing, automations and software connections, but it is 10% of revenue. 

I wanted to help them out and minimize their loss and saw an opportunity to get a property slightly below market because of my commission savings, immediate mortgage and maintenance relief, in addition to keeping a lower short term interest rate How did you find this deal and how did you negotiate it?