In my eyes, all of the same diligence is needed in regard to sponsor and deal(s), but add to that prior operations by that sponsor, current financial analysis, current valuations in today's market with very limited trades happening as comps, what the effect of waterfall and fees will have on that position once you take over, etc.

First, you have the inspection period (try to get at least 7 days).

At the same time, notify both of them they they are free to apply for the unit individually.

I may not have been raising rent every year, but I never lowered rent either, same for the COVID year.

What happens at 9/1/24.. can i still raise the rent for 10/1/24 or will the contract renew it self for a year and stay the same amount?

We purchased the home on 04/08/2022 for $162,000, invested $1,460 in renovations, and sold it for $272,000 on the same day.

We purchased the home on 04/08/2022 for $154,000 and sold it for $185,000 the same day.

I could go on for days about why you should run from this company.

We purchased the home on 04/11/2022 for $155,000 and sold it for $250,000 on the same day.

Tear down current house and build single family with ADU and DADU and complete construction all at the same time.