Most people are going to want you to have some skin in the game.

(leaving aside complications of taxes, depreciation, etc)That doesn't sound like a good return to me.

$100 Vacancy $87 Property Mgmt $87 Total $574 $86/month owner financed loan Monthly cash flow $215 CoC 7% with management/ 10.6% self-managedRefi $34k leaving 20% in ($7k), CoC jumps to 33%, $28,000 back outThoughts?

My previous 3 BRRRR's were all done conventional and technically I have no skin in that game.  

A quit claim deed is used to change owners on a property, like adding or removing relatives.If you quit claim it and leave the current mortgages on the property under his name, the lenders will likely call the loans due.

Does anyone have any tips on how to handle cleaning of the unit after guests leave?

Assuming the deal will leave you a juicy 5 figure fee or more, you will probably have to double close unless the buyer is paying cash.

When I am in the process of buying a multimillion dollar deal, I would rather not leave that up to chance that someone in a forum, on YouTube, or on a podcast is going to thoroughly answer my questions and help me solve my problems (no offense BP... lol). 

I'd start looking before a year though; probably 9 months out to leave 45-60 days for closing. 

And leave reviews of the bank's problems.