I have read I will need to use a third party service to make this happen.  

The hardest part is finding the right people  to talk to i.e sellers, lenders, contractors, and not stopping until you find them the rest will fall into place because you have thw info in your head and a mentor(jerome) that will guide you when you get your deal rolling.

Happy you joined the party.. how soon do you plan to start crunching numbers on a potential deal?

So if the potential resident wants to drag their feet, but another party books on AirBnB, then that's just unfortunate for the FF lead. 

If the eviction goes to court, then there is a record of that eviction on their file and it will make it harder for them to find another place to live (assuming the landlord does a background check).Not renewing the lease happens when either party decides they simply don't want to renew the lease. 

That would be a situation where you have a joint brokerage account with a family member(brotheror sister, etc) or for example you own a piece of real estate with another party.

Everyone thinks the cost of 3rd party PM relates to fees. 

If seller financing is the route you go, you might consider getting creative with the structure to make it work for both parties.

The part I love about development is that it's so lucrative that you don't need to scale.

If it’s tied directly to the lender as part of your mortgage agreement, you’d probably need to negotiate with them or refinance with a different lender who doesn’t require that restriction.However, if the restriction is part of the property deed itself and was placed by a previous owner or another party, it can be more complicated.