Most lenders will not allow a subordinate lender without some skin in the game (at least 10% down from the borrower). 

If I hired a PM that would also take care of collections (among other things) would I still need a service like rent redi? 

They will move on and look for the next person who isn't smart enough to figure out what they are up to.It's highly likely that if there was a claim on your own policy it may not be covered if it was being sublet for a separate commercial purpose (AirBnB, etc)... so I would be really careful about making sure you are covered insurance-wise.Proceed at your own risk, and all the best!

A good custodian will be there to support you and provide education every step of the way; you may find you don't even really have the need for checkbook control (also a good option to ensure you're being extra careful following prohibited transaction rules).

Take care!

Take care. 

I am also documenting our experience along the way on my YouTube, Fitunicorn007 and IG @EntrepreneurBlondiee if you care to follow along. 

Building has no reserves for major repairs beyond minor things like painting and lawn care. 

Not sure why the buyer would care if the seller had AC or not.

I've been hitting that market too, but there are a lot of regulations about attorneys doing business with clients so I have to be careful about that. 3.