I wanted to see if anyone is using this strategy, what is the good and bad to it and what has your experiences with it been?

Thank you,AamnaHey Aamna - assuming this is an acquisition, this one would be treated as a STR acquisition, so it would be qualified using AirDNA

But, if repairs come up and they don't have the money to fix them, if they put a bad tenant in that does a lot of damage, or in general, if the neighborhood starts deteriorating, it could turn into a bad investment.These are all things to think about with any real estate investment.

From what I've seen through pictures, the quality is sub-par (e.g. bad patching, no primer used, no corner bead used, etc.).I have recently started to get more strict on timelines (this is now 2mo delayed), and now he is halting the work.

Then that tenant will end up being a very bad tenant for you.What are you exactly are you worried about?

Maybe I am miss understanding your concern... a Non-Disparagement Clause normally means that you will not publicly speak bad about each other.

20% down at 6.95% is not bad. 

PM also not that responsive making issues more bad for me.Please advise

It got so bad I had to stand up, look him straight in the eyes and tell him to F off or I was going to beat his ***.

The building was already an apartment building in very bad shape and mis managed.