Legal consequences and potential financial loss that could have been avoided with timely updates.2.

You will lose financially and you will ruin the relationship.

Since this opportunity came up, I've begun to take real estate more seriously as a path to financial freedom.

Maintaining a financial track record for your project is facilitated by effective budgeting.3.

If you have a business you can grow and get financially rewarded that is higher priority then leaving that.

The only other question I would suggest is that you do engage a property management company to review your quad and review your monthly financials.

Sellers who are in financial distress or dealing with a property in poor condition might be more open to this type of arrangement if it helps them get back on their feet.The key to making this work is transparency and clear communication.

Make sure to prepare a professional proposal, highlight your STR track record, and be transparent with your financial projections.

@Paul Bommarito, are you concerned with their financials?

We have a solid system in Quickbooks and want to stay with that for financials.