You’ll want to carefully assess property values, renovation costs, and potential resale value to ensure the margins work in your favor.

We purchased a property, signed contract for a 45-day SoW (cosmetic rehab, add AC) and after about 30 days it's been radio silence.We have been pretty patient and now at 60-days past closing we've engaged another local PM who is going to be re-keying, assessing rehab status and taking over from here.I think similar to OP there's nothing particularly nefarious or shady going on here, but the follow-through and ability to land a deal is significantly lacking with this team.

I am very proud of over 4 dozen of my clients who I have helped, and they have been very happy and satisfied with my services. 

Our September evening gathering happened just last evening, with a dozen or so of us roundtabling about STR and viable options.

Then you can run your numbers, check insurance, cap ex, special assessments, and get inspections.

The most underknown part of condos are assessments.

My company bought dozens of properties using this method and I was sure we didn't overpay.

With a dozen properties I work less than an hour a month.

Diving into market analysis is a crucial step, and here’s how you can start:Begin by assessing economic indicators like job growth and unemployment rates.

Just one idea, but probably a dozen ways to accomplish this. 1) Father drops the property into an LLC, if it isn't already2) You and Sister are introduced as "profits interest" members of this LLC3) You can then structure how the profits are shared, but Dad owns all of the appreciation that has already occurred, and would get a step up upon death.