:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Are these terms typical for cell tower leases or are they as bad as I think?

You pay a little more in interest, but the loans typically pay off quickly, and the interest is negligible. 

Trying to get a sense if it's even worth exploring this on a smaller scale like I'm talking about.You don’t have to do anything but professionals will typically yield the best results (and save you a lot of time filing or potentially refilling)  

Being realistic, conversions to actual bookings are typically low.However, doing your research on potential travel influencers is key and understanding their packages & deliverables.

These are small enough that they are still operated by ma-and-pa operators but they are typically easier to find funding, operators, and contractors for.

If youre planning on continuously deploying the cash from the equity in the condo, a cashout refi probably makes the most sense.Conventional loans are typically the better deal vs DSCR, but you wont be able to get a Conventional loan if the property is owned by an LLC.

Broker’s License: In Kentucky, managing your own properties typically doesn't require a broker's license.

I think I would work towards positioning him to be successful in a typical job, build savings, and position him to be able to do a more traditional purchase.  

Typically, as the wholesaler, you pay for the inspection upfront, but you can sometimes negotiate this.In New Jersey, the end buyer usually covers closing costs in an assignment deal, but it should be clearly stated in the contract.Let me know if you need more details or further assistance with financing!