Make sure they feel heard and assure them you will do in your power what you can do to make sure they are safe.

Its much harder to turn a property around in 6 months expecting to have 100% of your money returned back to you - but if you focus on the right property focusing on highest and best use with an ADU add (like mentioned), in-fill/lot split, or other rehabs - then hopefully a semi-decent property like that will perform like a champ in a few years. 

Not one single strategy will work for every property. 

We are building a place with HELOCs then after it is built we will finance it and pay off our HELOC, at least thats our plan. 

You will also discover the warranties don't cover as much as you think, and claims are often denied.Home warranties are so bad that most professional property managers will not manage a property with one in place.

Hopefully, this will be resolved soon, and I can get the permit.

MTRs fall into the standard long term rental( 30 day +) category and will follow those regulations set for Long term rentals.

Also, the turnover will be much lower, but maintenance costs might shift too, so it's good to plan for that.Happy to connect if you need more tips!

No debt, they bought this place for like 200k in early 90s, quite old people. im not sure if they will be alive for the 7yr term but they chose it..The reason im putting so much down is im buying w gift money and i want low monthly payments.

Finding a condo that allows Airbnb/STR will be challenging, they're rare and cost more because of it.