It's less risky for you if it doesn't rent well and it's more profitable for him (most likely) without the headache.  

Well done @Joel Florek!

You've done well with having options, now just need to decide and get on the same page. 

I think good flippers talk about something like 80-20 -- they do well on 80% of their projects.

Therefore the growth potential is low as well.

@Philip AndersonMultifamily properties in Ventura can perform well due to the area's high rent demand, but inventory can be tight.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

The problem is that there isn't a lot out there, and when looked into each comp extensively, I saw the numbers were deflated because they were 'as-is' properties with extensive damage, or properties with a well, and other mis-matched differences.

I was a flipper in 2001 and did really well until I fell in love with this big country property on a river up north.

Petersburg for over 30 years, I can attest that the last two big hurricanes caused significant damage, but they were the first in a long time.Condos and townhomes tend to perform well, especially if they're located on the Intracoastal Waterway or within 3-5 miles of the beaches.