That is why I like to sell commercial for the fat commission but like hold residential for my passive income portfolio.  

It's gonna feel good during the next market crash when all these over leveraged investors that have been reading too many books and listening to too many podcasts go belly up..I will be buying their houses at the auction sale.$150 net a door..1% rule...BRRRR until you are covered up in mortgages....what nonsense...

So instead of a fat upfront payment, I'd want my TK provider to take the same risks I am, that is, his work gets him a piece of the equity, not an upfront fee.

If your relative does not want in that position of an investor - just sign a mortgage with him for the amount you need - if he is a relative - I'd say do not record the mortgage (save on transfer cost) - he always has the option to record that mortgage in the event you go belly up.You should package you deal - make it very clear - what the potential equity profit is going to be - andHow you are going to liquidate (sell) the property for.

But, as we all know, the real gold mine truly is for all you fat cat Turnkey Providers!

Affirmative SteveIf you take your time, get a small torpedo level out ,add hangers every 6 to 10 linear feet ,with no bellys or dips at 1/4" grade per foot ABS drainpipe works just fine,,,,,DD

If I can plan to mitigate for the "fat tail" or "black swan" events then I can do much better than others when those events come and avoid the regression to zero.I am not a gloomer, I just think that some things are inevitable unless something happens (was that a Yogi Berra?)

He is more than 3X my price per night, is by fat the most expensive STR in town and has 3X the bookings of any of us. 

Hell, since you know you're refinancing anyways in this scenario, you may even want to ask your local FNMA direct no overlays lender how fat of a lender credit you'd get for a ridiculously high 5% interest rate.

In both instances, the repair person came out just 1 time (2 for the water heater), fixed the problem and my stress level was a big fat zero....just the way I like it.