💪🏻 That lesson:DO NOT WIRE FUNDS UNTIL THERE IS A FULLY EXECUTED AGREEMENT BETWEEN PARTIES THAT CONFIRMING THERE IS AN ENFORCEABLE CONTRACT.

The back of the note is stamped "Pay to the Order of" to some third party "without recourse" like a check.

At minimum, I am looking for the name of the deceased, a name of the personal rep/heir, and a name/contact for the attorney involved. 

Just make sure the management part is taken care of.

I think investors need to have the correct expectation going in or they will be disappointed regardless of who is involved.

@Suzy FarmanHere’s what’s worked for me:Leverage Airbnb/VRBO: Many insurance companies use these platforms via third-party services.

One other thing that I am constantly seeing is the set it and forget it on 3rd party platforms.

After that either party can end the lease for any reason.

For example how do you identify with confidence that your market attracts more professionals vs. families vs. bachelor/bachelorette parties, etc. and therefore how you'd know which amenities to offer?

(Unfortunately, the investor fell for this gimmick and did NOT get their own 3rd party inspections, appraisals or even visit the properties they were buying, against our best efforts to encourage proper due diligence and follow our check list for their own protection.)So now some people are stuck with properties worth half what they paid (not all RWN members), with no renovation done, and constant repairs and vacancies.