You have to put in the work to ensure your asset is generating maximum revenue, and costing you the least amount in repair costs.

Just make sure to stay in touch with your lender to ensure you're meeting all requirements and exploring the best options for your situation.Happy investing!

For all I know they are absolutely legit, I'm just not sure the best way to ensure I'm not screwing myself over for the next 12 months etc. 

They aggressively de-lever to not only create more cash flow without having to buy more assets, but also because they are starting to think about estate planning and how to efficiently create a very comfortable life for their kids.Lots of debt, long term debt or no debt are all right answers.  

Whatever you decide to do, ensure that you're allowed to plant these hedges in the first place.

From a bookkeeping standpoint, this makes everything a lot easier as long as each financial account is used the way it is supposed to be used (no commingling).I would just caution you to think about the functionality of that structure within your day-to-day business operations before pulling the trigger on it.Make sure you're keeping things as simple and efficient as possible.

What strategies have you found most successful in ensuring clear communication, trust, and mutual satisfaction?

Just remember though as Jay already mentioned, there's a requirement to live in the property for at least 1 year so ensure that this aligns with your plans.

Cross-reference information from multiple reputable sources to ensure accuracy.2.

Look through the entire property to ensure it is maintained.