There is a flaw in the business model and thier internal processes need a lot of work.First the good,Yes, I got paid every month.Nomad found me good renters.Next the badDue to needing to make the guaranteed rent they rented my unit below market valueIn communicating with Nomad they were disorganized, often sending conflicting messages and not alignedNomad offered to find me a repair company, that compnany charged $400 for a $25 dollar part and I was stuck with Nomad saying "not their problem" and the vendor saying Nomad was the client not me.Nomad was horrible to my renters as their property management term ended.

While I don’t typically work with real estate agents to find deals, I do collaborate with other professionals throughout the process.

Evaluate the situation to see if you could have done anything differently to mitigate the loss and implement changes to your processes, but know that this happens and hoepfully just not too close together. 

If your firend wants to stay in the place AND has the funds/income to do so, they need to refinance in their name ASAP (as part of the process), not 5 yeas from now, not if they remarry, not 10years from now.   

Let me know if you have questions, I really went through and through the process on this deal.

Here in Cali we don’t even have a date on when we can hope to start an eviction process.

Lol.You can learn all about our capital raising process and our mastermind at the webinar below.

Another thing is not to rush I was in a rush to jump into RE but I'm glad I did it's all a learning process on what not to do for next one. 

Its pros include streamlined property tracking, access to owner data, automated direct mail campaigns, and team collaboration features.

It sounds like the 2 BR floor plan makes this process even more difficult.