Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Where the loans go wrong is usually not with the loan terms. 

People say they FEEL a property is right, or wrong, good or bad as an investment property.

We did nothing wrong."

Seller/Builder was present at showing and told us the listing was wrong; it was 2.11 acres.

The good news is, if you didn't do anything wrong and you have proper documentation, you don't have to do anything.

@Kyle Cross, correct me if I'm wrong, but I think maybe what you're getting at is potentially pitching to your parents that you would like to take a shot at personally managing the units to gain experience and some form of compensation.

When you go to sell the property, if you produce a certificate of inspection for the wrong number of units, buyer unless you are giving them a great deal and they will throw caution into the wind, would insist on the correct designations.

They were wrong BTW, my pricing is much more favorable on Airbnb than BDC.  

But I am willing to be wrong if someone can explain it to me.