Hey @Brad Pierce I use Rent Redi for managing tenants, collecting rent, sending reminders, scheduling work orders with contractors, etc. 

You could also ask for early occupancy so you can begin to collect rent and take all the holding expenses off their plate.

I wanted to clarify that $2m was the collective asking price.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

However, much of our document and data collection was handled by loan analyst Taylor Vassey.

Myself I think if one wants to get into real estate in CA you get into the bizz you get licensed so you can legally collect fee's you put in the hard work like most wholesalers have to now..

There's some connection you have to this person with money who is looking to invest it short term and collect an x% return. 

I could always use help putting out and collecting our signage for the brokerage!

Otherwise, I would sit on that property collect the cash flow and seek out great opporunities. 

You're going to have a hard time billing the tenants without proof.