In this each unit either identical to each other or different.

What most forget about JV's due to their focus on raising capital, flexibility, or broadening your investment horizon is that it is a partnership and if you think Real Estate investing my be stressful at times throw a few inexperienced partners in along with money they are looking at and having to work together as well as manage emotions and you have a perfect storm.The point I am trying to make is the successful JV's I see are comprised of experienced investors who have opened their financials to each other, as well as background checks or any other verification of finances and more importantly character to have a comfort level with one another.

If there is a problem, the software admin (me) can move them to another spot remotely.As far as checkin/checkout verifications, the software also specifies this, and the general plan is to use security cameras, and/or one part time staff (used for things like emptying trash and cleaning common areas, like restrooms) for verification when needed.The rating system (owner to guest, and guest to owner), like Airbnb, makes sure that everyone behaves, or they won't get the opportunity to host or rent again.This particular property that I'm considering also has a income producing lodge, and would need a regular cleaning person anyway.

Outsourcing employment verification has been around for years.

I did get info about rental revenues from other condos I looked at, but no one provided any sort of verification.

Paying rent on time - vetted through income verification and credit check2.

I have done it once because an individual was using stolen identity and was trying to launder money via a real estate transaction.

That included pumping out, visual inspection, verification of leach field, re-fill with clean water & replacing the cover with some stupid green plastic thing the county now requires & which could be taken off by any 8-year-old.

Heck, it doesn’t even really help with hiding your identity any more, the reason “experts” used to push them. 

The lender has to give final approval and verification of the TIC investor, which can make the syndication team a little nervous as it is out of their control.