@Cole Bossert I think @Sarah Kensinger and others have touched on the biggest qualities, especially communication.

What’s your communication style and preferred level of involvement with this deal?

Be direct, have clear communication, and show you're serious about being a good landlord.3.

If the ARV has risen to $260k and you’re renting it out for $2900/month, you can likely qualify for a higher loan amount.Here are some key points to consider:Loan-to-Value (LTV): A typical DSCR refinance will allow you to borrow up to 75-80% of the property’s ARV, so for a $260k property, you might qualify for a loan of $195k to $208k, which could help pull out most or all of your original investment.Debt Service Coverage Ratio (DSCR): Since you're renting for $2900/month, the loan payment will need to be covered comfortably by that rent.

You manage the headache of guests and communication, cleaning, etc. and he provides the property, but shares in the expenses and profits.

The investor would front most or all of the down payment, but in theory he, she or they would not have to think about it from there.

Poor communicators, poor housekeeping skills, prescription med abuse, big dogs that they couldn't properly care for, damaging, etc.

Part or all of the rent is covered by the US gov't (take that as you will).

Quote from @Neeta Agrawal: For context, we gave the tenant a 60-day notice for non upkeep and no repair communication in 2023 and then extended it for 30 days upon his realtor's request, setting the move-out for May 31, 2023.

This can provide more lucrative opportunities by allowing you to take advantage of lower closing and holding costs while keeping much or all of your money out of the deal.Every investor starts somewhere.