Sellers who have bought or sold a house recognize it and feel more comfortable signing it; attorneys deal with them every day so they prefer it be written on that contract; and your end buyer who in an investor will recognize and know that contract.

Does sound suspicious.Always pre-screen candidates by establishing your rental criteria and then interviewing all candidates with screening questions that dove-tail with your rental criteria.

As long as you talk about your System of Beliefs, quote Edison and promise McRibs everyone will be forced to recognize your high level of intelligence. 

Have a PM that comes recommended and interview him/her yourself.

@Brian Tustin  Based on my experience in Tahoe, I'd interview several management companies and compare services, reputation, rates, emergency handling, review responses, etc. 

Obviously that and the appraisal still need to go smoothly so I'm trying to keep my excitement in check for now.And to top it all off, I have a 3rd interview with a company tomorrow whose office is less than a block from this house, totally unplanned.

One is an interview with Jeremy Roll of For Investors By Investors (FIBI), which has gotten a lot of positive feedback.

We quickly recognized why multi-family was so highly sought after - it allowed you to spread the vacancy risk of a property across more tenants than any other asset class, and historically was the highest performing asset class during recession periods.

@Jay Hinrichsrichs Just looked up your BP podcast interview and am listening to it now.

If you are a student of the market, you'll recognize these "gems in the rough" quickly and can pounce on them before anyone else.