It may feel cumbersome, but their diligence reflects the level of security and service you can expect once onboarded.

You need to send him a letter with proof of delivery required (a cheap date with US postal service) and you can also post the Notice in a sealed white envelope marked confidential to his door - and take a photo of it for proof of delivery. 

I have read I will need to use a third party service to make this happen.  

For comparison purposes, I hold ownership units in a LLC that owns a retail/service center where there is a mortgage loan that initially represented 50% of value, now about 35%.  

When I looked into IRA accounts, I found that it didn't do service to my situation.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

I'm using Minoan to furnish a luxury STR and it's been incredible, and I am actively trying to find a way to better leverage their service. 

We service the entire coast and consistently plan efficient physical and remote tours encompassing several cities or regions. - Property Management: No STR can be successful without quality cleaners and management.

There is so much free content out there that can teach you about guest services, software, vendor management, and so on. 

Risks: rates go down and you have to pay a prepay of 2 or 3 %; you have to sell and pay the prepay; rents decline & you can't make the payment like any other type of loan; cost upfront a little more than conventional; need to find experienced broker licensed in the state where subject property sits; servicers are bulldogs.