In the same vein having a new role of toilet paper on the roller for them is a nice touch also.

They played an important role in my success (remember this is before we could find information and interact on line) because of the following benefits:1.

My role involves raising capital and collaborating with investors interested in leveraging my business to facilitate their acquisitions.

Of course, you can't protect yourself completely, but this will also help you prepare for buying the next properties a little better, and it's an exercise I generally do when I'm on a showing for a property I'm serious about so that I'm factoring this into my analysis to some degree in a "capex" reserve.Capital ExpenseRoofWater Heater x2All AppliancesDriveway/Parking LotBoiler x2FlooringPlumbingWindowsPaintCabinets/CountersStructure (foundation, framing)Components (garage door, etc.)

About 5 years ago we hopped in a RE syndication and pulled out of it recently to take a more active role in our investing (returns where meh), along with trying to supercharge our financial goals in retiring early. 

Now granted that has gone off the rails because I have decided to change our focus because my end goals changed, but doing the exercise helps create the path to walk and figure out what the next steps are.

Even though you hired them and it's your property, there are still regulations all must follow.It'd be the same if roles were reversed. 

Early in my investing career, I made the mistake of investing through one of these people and I came to realize they have no real role in the operating GP and are a just useless layer preventing the LPs from getting answers from the GP when a deal is underperforming or losing money. 

I'm interested in doing that for a property we just renovated and I'm curious on how to proceed, especially if the tenant decides to exercise their right to buy.THanks

Keep in mind that credit score, LTV, property location, and prepayment penalty all play a role in determining the interest rate.