Proactive updates can prevent misunderstandings and build trust.By balancing the needs of these three stakeholders,  a harmonious ecosystem can be created where all parties feel valued and invested in the success of the property.In summary:Property management isn’t just about collecting rent or fixing issues—it’s about creating value for everyone involved. 

I’d prefer less outsourcing on behalf of the banks and fewer web portals/ apps/ servicing companies because in my experience the more entities involved the more glitches, so adding a VA and another layer of software to the mix doesn’t sound inviting.

Are you being compensated to do the management if there are partners/family members involved?

I’m also from the US so I follow that market and am soon to be involved with a couple of exciting projects in Seattle & San Diego

High borrowing costs right now, so have to look at what you're able to produce vs the borrowing cost. 1031ing can be a super powerful strategy, but there are time constraints involved.

Has anyone out there been involved in something similar or have ideas on how I can move forward with this?

Pete area and am very involved in the market here, especially in analyzing rental properties. 

Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.

@Chris May,You're really whipping a dead horse.The whole principle behind mortgage acceleration involves paying the principle off faster.How it is done is irrelevant.

I'm an LP in a Syndication where DLP is also involved.