Having an exit strategy can also just simplify the process in case one of you has a life event and needs to exit the deal.

) the education process has started with me regarding the commercial side of things !  

Would love to connect on a call and hear more about the process.   

Quote from @James Boreno: One of my SFH caught on fire and I'm in the process of selling it to a contractor.

I have found that the "value add" opportunities, with rent increases, renovations, zoning conversions, and other work needed, absolutely do take up more of your time compared to a more turnkey property - even with third party management overseeing the process. 

I know this is a slower process than you might like but $3.3M in debt is a lot for most people.

I'd love to chat with you more about the process.

A detailed screening process and ongoing training can make a huge difference in performance.• Clear Guidelines & Performance Metrics:Defining clear expectations, call scripts, and performance benchmarks helps maintain consistency.

Here’s what I know so far:My father-in-law is offering to finance the property purchase, but I’m still clarifying whether that means 100% financing or if he expects a down payment.We haven't yet decided whether to purchase as individuals or through an LLC.I’m also in the process of discussing the specific terms with him (monthly payments, amortization, balloon payment, etc.).Could you share any advice or insights on what deal structure might work best in a scenario like this?

My though process in undercutting the bank by 1 % was to possibly attract qualified buyers.