.- Be Clear: Define all terms clearly in the agreement.Mistakes to Avoid:- Incomplete Due Diligence: Conduct thorough inspections and financial analysis.- Unclear Documentation: Ensure agreements are well-drafted to prevent misunderstandings.- Market Trends: Consider future market impacts on property value and income potential. 

Also another reason people can need to pivot from utilizing conventional loans is their DTI gets capped or they are self employed and thus despite having ample liquidity to conduct the transaction they’d trying to do, can’t document income to the lender’s standards.  

They can help structure the deal, assess the financial feasibility, and connect you with potential investors.Due Diligence: Conduct thorough due diligence on the facility, including financial records, operational history, regulatory compliance, and potential for growth.

My lease says we have a right to enter at reasonable hours to conduct repairs, inspections, etc. 

If they are on a MTM lease, you can terminate now with proper notice, as that contract renews monthly.The RIGHT way to handle this is to issue a legal notice to terminate as soon as you are able, and continue to conduct yourself in a professional manner with this tenant.

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

When I conduct the initial inspection, that's when I answer questions, look for unreported maintenance, see if there are any concerns, look at how they are maintaining the rental, etc.At the same time, this would be a great opportunity for you to explain your situation.

Negotiate price, closing costs, and repairs, conduct inspections, and perform a final walkthrough.

Market AnalysisMarket Shifts: Have you conducted a recent market analysis?

Is there a course that teaches how to conduct the basic research on these properties?