If they think they have an "Airbnb" Unless they own the publicly traded company, then they only have a STR, or a vacation rental if they have a nice place/location.

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.  

Have her do both a will and an irrevocable trust, with you getting the house. 

@Dhruv Patel I believe you are getting ahead of yourself....Where in the US are you all-in (land acquisition, soft costs, hard construction) on new construction multi-family for $100/ft.

Unfortunately, we get too many calls from clients that got the run around, poor communication and service and/or were the victims of a "bait and switch". 

Seller doesn't care how we split the real estate vs. the franchise, but I don't think I could get $250,000 for the real estate.

Then you could get a rug with a simple trellis pattern in one of those colors.  

Having too many will cause for overlapping of properties and then it goes to procuring cause in which one gets paid. 

Best advice: don't get emotional about a deal.Found first deal on MLS, but have found stuff on FB, Nextdoor app, and even yard signs! 

The market in Racine is much different than Kenosha and we have been having a hard time getting quality tenant applicants.