I am thinking about offering a friend a land contract.

All utilities will be billed to the tenants.Using the BP calculator to underwrite this deal I'm showing NOI $32,274, Monthly cash flow $698/month, and CoC ROI 30.99%file:///C:/Users/Provider%20QCK%20Richmon/Downloads/9284%20Peachtree%20St%20(1).pdfPlease pick this analysis apart and tell me what I'm not thinking about .........

Are trying to get around that by pooling your money with your friends?

Hi friends!

The mother would not be willing to sign on and risk her assets if she thought there was a chance he could relapse and destroy the place, I'd assume. other thoughts: say he has unsavory friends and starts inviting them over.

@Gayle EisnerI have a friend in Marina and there has been a lot of building in the area and combined with the risks with the battery factory might outweigh the eventual exit strategy for waiting. 

When asking the tenant about this, she said its her family-friend.

Yeah makes sense - the thing is they will pay market price for a lot of these my friend.

However, to be fair, we also heard good things about PIN5 before we investigated it.I have many friends using prop stream that are very happy with it.

I would check into a few things to see what your best approach is.1) Find a great investor-friendly real estate agent (specifically one that knows STRs) to help navigate an area you may be looking in.