Personally, I would look to their agent for some responsibility.

Also, the seller should provide you with completed estoppel certificates whereas you should be responsible for notifying residents of the change in ownership.

Looking forward to your responses – thanks for sharing!

If you wouldn't leave pot or cocaine out, you shouldn't leave alcohol in a unit.You technically aren't responsible for what they do, but don't promote it.

The basics are I would rent a number of units from the syndication LLC, would be responsible for management and expenses (ie utilities), and then I would keep a portion of the profit (basically my upside for managing the mid term rental units) and the other portion of the profit would go to the syndication LLC which now gets over market rent.

Will you be responsible for trimming feet, doing shots, wormer, exercise, what if the horse gets sick, what if a horse brings in something like vesticular stomatitus, and all the horses get it? 

.: She is trying to hold you hostage, hoping you will let her go without penalty.I would give her a written notice that she is responsible for rent until a new tenant takes over or her lease ends, and she must maintain the home and prevent any damage.

I originate DSCR loans as well and you nailed this response!

I appreciate your response.

This way, they can continue to receive steady monthly income without the headaches and responsibilities of managing the property themselves.Of course, I always recommend sellers consult with their accountant to fully understand the tax benefits, but many I’ve worked with have found this to be an appealing option.