@Kamran Pirwani The reason I say 4% COC is weak is because you implied that was with paying all cash.  

@Mary Mitchell so your implying that cozy is lieing about their processing times in order to leverage the funds for short term money market investments?

This implies that it is going to be very difficult to create a new non-owner occupied STR in the city of San Diego. 

A growing population can lead to increased demand for housing and potentially higher property values.Low vacancy rate: Columbus has relatively low vacancy rate, which mean good rental income for landlords. it also imply that the city is not oversaturated with rental properties, which can make it easier to find tenants.Tax benefits: Like any real estate investments, investing in Columbus could benefit from federal and state tax breaks, such as depreciation and mortgage interest deductions.

Nothing in that language implies you're getting clear title.  

The initial negative position of the ADU addition is one of the plethora of reasons that adding an ADU is often one of the worse RE investments (contrary to what many ADU developers/providers state/imply). 

Let's say on 12/1, the PM receives $1,000 rent and take out the management fee of $100 (made up number) on 12/10 and pays $900 to the owner on 12/20, I record the rent receipt on 12/1 to my "funds held by PM" escrow account and take out (pay) $100 on 12/10 from the same account, and then deposit $900 on 12/20 from my "funds held by PM" account to my bank account.I got the impression that you were implying just to use the record from the PM.

And again even if no representation contract is shared, there is implied agency and you can't just try to trick them into a lower price or not tell them what options they have (like putting $Y in themselves to make $Z).  

My favorite are those offers which imply that a *** digital product *** well somehow "sell out".

Or, does either of them state or imply verbal notification is adequate?