my property manager asks 10% of total rehab cost, her team will look through the project end to end, without much of my involvement. 

This sale usually involves a monthly payment, which is on top of the rent.

A smarter approach would involve thorough market research, realistic projections on occupancy rates, and understanding that not every location is still a goldmine for STRs.

Would my wife have to be involved if I'm not on the mortgage.

It took a while, and there were some fees involved, but it was totally manageable compared to what I would’ve paid with an attorney.

Low cap rates because you dont have to do anything, just collect the 4% or 5% like a CD at the bank.10% Properties are going to be more involved.

This is also why two parties go to court or arbitration, they differ in their interpretation of typically very clear language in the contract and one or the other doesn’t want to honor it.

If you want to be real sure, you can have him do the work and then pay another accountant  who is a real estate specialist to review it before filed.The other part is your situation.

Another big part is just to officially have a business entity to help separate personal and business finances in an official manner.We will do a quit claim deed in the future to transfer the title into the LLC. 

I wish the parties the best in moving past this issue we’ve identified…as I suggested, you should contact all the tenants and proceed with a new lease with those that are interested in doing so.My question to the forum:Has anyone ever ran into this before?