I've been doing revenue management for over 10 years now (hotels and STRs).

During the partnership, you can jointly manage the property, increase its value, negotiate a flexible repayment plan with the seller that allows for larger payments after the property appreciates, ensure a written agreement that clearly specifies repayment terms and timeframes and refinance, and the sellers are able to 1031 at their leisure? 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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.

But, if steady long term cashflow is a goal, with no management, one can always sell farm land on a low down private contract.

Quote from @Andres Lasaga: I am in the process of selling a property to the tenant I have been renting the house for 4 years.I want to outsource the promissory note collections and reportsIt would be only ONE property, for now, any recommendation of a company that can manage the collections and reporting?

The other 2 duplexes I have purchased have had no issues.Larry and Josh were working with me as well for 2 years then they just handed over the communication to management company and vanished once 2 or 3 year mark hit.

When buyers see this they automatically feel the work was done professionally.I will either be present or have a PM present at the home inspection for my sales that have a builder warranty component.

After paying a competitive rate for the property management and ASSET management that the small operator does himself.  

My lease states that certain clauses go away if I'm no longer managing the property.

The mayor has been hot on out of state investors and poor property managers since his campaign.