Use the attorney to create the agreement and possibly handle the quit claim deed.

For a tenant, a shorter grace period could cause stress associated with late payments, whereas, for landlords, a 5-day grace period could reduce stress, simplifying management but potentially reducing flexibility in handling late payments.While I see significant benefits for tenants regarding stability and protection, the proposal also challenges landlords, particularly in maintaining profitability and managing market-driven rent adjustments. 

If a buyer has the financial capability to handle possible temporary negative cash flow and ability to refinance in the unlikely event the note is accelerated, and the seller has the ability to do a background check on the buyer and reach an intelligent decision, then the benefits of a real property transaction without the expense, time and qualifying necessary to obtain new financing and perhaps the benefits of a lower interest rate can successfully accrue to the benefit of both parties to the transaction.If the buyer is an undercapitalized inexperienced recent “graduate” of a guru program and the seller is willing to sell to anyone, whether breathing or not, then the transaction has a high likely hood of ending in disaster.When both parties are knowledgeable and understand the risks of the transaction, nobody is “taking advantage” of anyone else.  

Moving from a 3 handle rate to an almost 8% DSCR feels like defeat.

All contact, maintenance, inspection, lease, anything is handled in a queue....not a call.

Third suggestion is find a local partner that handles the lending side of things (to avoid the foreign limitations) while you handle all management and repairs part or the deal. 

It may be a recommended practice for the PM to handle the credit checking and screening, but if you don’t have right to check up on them how do you ensure they are following your directions?

Figure out how you will handle an abandoned rental with no notice, $5000 in floor damage from an unauthorized pet, or complaints of mold.

I thought the title was supposed to have handled this.

Your concerns will likely be less with the tenants and more about learning things the previous landlord didn’t handle (deferred maintenance, whether the tenants pay on time consistently, etc)all the best!