Your making a bet on them, that they can operate there business well and thus, will be good tenants. 

Here was one of the highlights "if a landlord knows that a property is subject to flooding, then they must share that information with potential tenants prior to signing the lease agreement.

We have a pretty good Tenant who is moving from one apartment unit to another.

I'm not comfortable letting people just come by and tour it on their own primarily for the safety of the current tenants. 

Purchase price: $380,000 Cash invested: $135,000 Annual rental to be turned into STR when tenant vacates What made you interested in investing in this type of deal?

Or does it have to based off a straight paying tenant?

Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

He is busy working at the hospital and doesn't want to deal with tenants, toilets, taxes, trash, and all that haha

Couple of days ago a tenant complained that tile grouts were missing and tiles were moving in the kitchen area as attached.

If the exchanger is able to purchase a tenant in common interest in the actual property (making them a tenant in common with the syndicator). 2.