Many landlords opt for modest rent decreases or propose multi-year leases with slight increases over the extended term to provide stability for both parties.

Exit plan is VA refinance, but I'm not unwilling to sell to satisfy all parties if necessary.

Ultimately, the question I asked myself is this; if LLCs were set up to limit liability then why do I need to go with an additional Turn Key service facilitated by a third-party to accomplish the same thing, or what my attorney will do to protect my assets if challenged – as long as I set up the LLC correctly and made sure nothing is in my name by which the “veil can be pierced.”

I am not a third party property manager but have dealt with them in the past.

We have each student have one parent co-sign and responsible parties on the lease.

The best part is that the seller will seller finance 70% and can continue to property manage the units.

So to answer your question, insurance companies will typically send out a third party inspector to determine cause of damages to see which party is culpable.

Often times I find that it is the buyer who made the wrong choice in selecting the realtor in the first place - and it belabors the process for all parties and makes the buyer appear to be amateurish at best. 

Let me know if you would like to connect, it is a great time to buy in 2024 because the hardest part is just getting started. 

Putting up with the neighbors having a loud party once a year is one thing.