The deal also involves a sale-leaseback condition.I'm trying to understand if a 10% cap rate is considered high for this type of property.

You will make them aware, and you should treat the transaction like any purchase involving an HOA. 

Lastly, you could get them involved with the deal.

It also has considerable risk involved as well. 

If they're not actively involved, It needs to be done correctly.I had a friend a few years ago do this through mortgage notes. 

If this is a bigger job involving multiple trades, then this could be more challenging to move on from. 

This might involve space-saving furniture solutions, clever storage options, and layouts that enhance flow and usability.Strong Brand Identity: A well-designed property can help establish a strong brand identity for your short-term rental business.

We are using the profits to clear the debt involved as well.

@Shannon L Fogartyif your asking thoughts on if they are a scam (The One Brokerage) I will say I am 99,9% certain there is NO scam involved. 

Eviction typically involves court costs and attorney fees, so weighing these costs against the amount owed is important.Ultimately, consulting with a local attorney will provide you with tailored advice based on Texas laws and your specific situation.