Keep an eye on the goal...

Quote from @Jay Fayz: Quote from @Benjamin Aaker: You need to take a look at this deal from an investor's eye.

Hi All, I've been eyeing to purchase in Rochester as well.

As mentioned if you're concerned, just keep a close eye on your credit profile during that period!

Would obviously have preferred to use a third party but this accomplishes exactly what I need - a birds eye view of the profitability each month without have to re-enter operational and tenant data into my own system when the property manager is already tracking this information. 

Pulling the wool over someone's eyes can happen in any relationship, is not conducive to long-term success, and should be condemned.Your original reply asked for "someone to explain to me how this model truly benefits the property owner".

Just keep an eye on interest rates and your ability to cover any cash flow gaps.Consider properties that need a bit of work or up-and-coming neighborhoods for better deals.

Meanwhile, their mom wants to list a house and their friend wants to buy a house at the same time (taking their eye of the ball).

Their prerogative of course, and I understand why a seller would be apprehensive of a buyer that hasn't set their own eyes on a property,  but does anyone have any suggestions or advice on how to get them back talking with me?

Remodeling is not a casual part time hobby.Wishing everyone good luck, keep your eyes and ears open for the scams.PS: I heard this aphorism once: If your in a sales presentation or sales meeting and you cant identify or see who the suckers are...Guess what, there sitting in your chair.