I have been using Appsheet for other items and can create something I can send the tenants.Thanks 

It would be best to schedule a call so that these items could be discussed in more detail and provide answers to any additional questions you might have. 

Only thing better would be initial deposit and then paid in full upon Certificate of Occupancy and punchlist complete.Of course, standard items should also be checked: licensed, insured, willing and able to pull all required permits, reference checks.I would also commonly avoid the cheapest bid you get.  

Depending how long your LTR was in there, you might need to fix or update a few items. 

What is the speed of the internet, is it hot water (international property holders), is it AC.These basic clear descriptive items are great because if the price is fair and it clearly states the benefits.

I was drawn to this investment mainly to test out the new padsplit model.

Make sure you don’t have any lengthy due diligence items.  

I think one of the biggest risks you face with Cash Out is interest rate risk.It's really difficult to predict where interest rates will be in a 2-5 year time period, so it can also be challenging to model out future mortgage rates.

Andy Sirkin (fantastic legal team from SF) has a library of free online articles and a set of agreements to purchase, to help you on your way to become a Subject Mater Expert. https://andysirkin.com/article...Elizabeth and Christina (The Rental Girls) have done a great job pioneering the shared ownership (TIC's) model in Southern CA. 

The changes in commissions have led to more transparency but also to varied compensation models.