That is the most balanced and transparent approach as each party would pay directly for the support they utilize or need. 

Any suggestions on how to approach this? 

Another strategy is to take an elimination approach where you make a list of places you will not invest.

Any suggestions how to approach this situation ?

However, our buyer's list was limited—only about 200 buyers—and after several potential buyers passed, we finally secured an offer for a $5,000 assignment fee.As we approached the closing date, our buyer began dragging out negotiations, which added to our stress.

And how common is this approach? 

Not sure how to approach the owner who has it listed for a great LTR rental price.

Here’s a structured approach to help you resolve the situation:1.

Any advice for finding / approaching owners for off market deals? 

As I approach my 20th year as a real estate broker in Texas and my 30th year as a small business owner, I've decided to think outside the box and use what I have to get what I want.