seasoning in lending just means a waiting period.

Since "perpetual" also crosses the 30 year period that the IRS likes for these kind of things. 

The issue I have here is that once those funds are gone in a few years, we will then have to cover the entire cost myself (~3k) for an indefinite period of time.The other option is convert it to a rental. 

Quote from @Carlos Ptriawan:  They believe that they will increase the properties NOI by 45% over 5 yr hold, mostly through rent increases after doing 5K interior upgrades in all 252 units, thus adding 19 million to value of property. how is it possible increasing rent 50% in 5 years period in place where comps and rent is decreasing, this local market is extremely saturated.For me if I have to buy in Austin I would find complex that could give DSCR 1.3 at least with 80% occupancy.if they increase rent 50% then we should do intelligence on their closest neighborhood's rent. 

It is part of your due diligence period. 

I saw the congratulations and got excited...then I finished the sentence :)I really hope this model works out because I would love to be a passive investor and do more with them, but a lot needs to happen in a short period of time.Anyway that's the latest, will keep you updated.

An investor can lock in 15%+ cash on cash returns with periodic lease escalators with a 20-30 yr lease.

There are products that have zero seasoning period to help get return on your money a lot quicker.

Please feel free provide your thoughts and advise.Thanks in Advance Hello Ahamed - You mention SFR and 2 cities, but to give you better answers, can you please explain your top priorities for the investment and the anticipated holding period?

Screening is not always a guarantee that tenants will pay unfortunately, but your PM should be sending out notice as soon as the tenants are outside of their late grace period (if you have one) and haven't paid.