And I have a tenant locked in for a year at $1400 (they signed a year lease right before the house was put on the market in December).

Put it in writing and have both of you sign it.

Investment is just one piece of the puzzle, actually knowing how to handle the cash flows and structure asset types can be just as important.I am glad you are recommending Momentum because I was trying to decide whether or not to sign up.

Once you sign a contract of intent, they give you a portal to select from notes, and you can choose from partial notes, subordinated notes, whole notes, and protected notes.

Since STR “lives” on reviews, being “right” because of the contract the guests signed might be the most expensive “right” you’ve ever experienced.So what’s left for the “wanna be” STR investor in today’s market?  

And, they all sign the lease. 

Buyer's agency agreements were already required here before, our regulatory agency just went from strongly recommending them be signed right away but not really requiring them until writing a contract to 100% requiring them to be signed prior to showings.

Now it sounds like they have gone into ICU and we have to wait to hear from their estate attorney to find out who can sign, POA, or what the process is going to be going forward. 

It's difficult to see how a tenant will be after screened and signing a lease.

I took out a loan with one of my friends, wrote up a loan agreement contract that we both signed and paid him the interest on a property early last year.