@Michael Kazalas, personally this sounds like too many cooks in the kitchen, but also a very clear violation of SEC rules around material involvement.Granted, I don't know much about fractional ownership other than vacation rentals, which are limited to 8 owners, typically.  

Not typically my area maybe you can message me.

Sellers typically  become motivate when they cannot sell the property due to price, defect or simply bad market fundamentals. 

That typically is a longer (3-5+ years).Whatever strategy you use you'll want to make sure you can make investments, drive up the value of the property and then refinance to pull out all/most of your initial cash.

There isn't a typical or average seller finance deal. 

With the flat fee everyone is happy, and the owner typically makes a few bucks. 

A cash-out refinance typically doesn't count as "earned income," which is the type of income that would impact Social Security benefits, especially if it's related to retirement or survivors' benefits.

Lastly, while looking through the County Court Record I found a dismissed Eviction record filed this year Feb of 2024 on the prospect, the address listed on the record for the prospect (Defendant) is the current property they reside in but found another management company (RENU Property Management) as the plaintiff (this one was easier to look up as it operates nationally in several states).I usually have no problem with this as prospects usually reside in a known management company serviced in the area (Most are the typical corporate rental companies like First Key and Progress Residential, and some with the more known local management companies.).

It's pretty typical to get an income statement and rent roll before a walkthrough and before signing a contract (there's many times that you'll also get a capital improvements summary too), but it's not as typical to get the other items prior to contract execution.Depending on how small the property is, you might be able to push for more of these items on the front end if you're dealing with a "mom and pop" owner. 

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