He will make you or break you.

Based on the desired monthly payment, we use a financial calculator to determine the necessary terms to achieve that payment, considering the price the seller is asking.If interest rates are not specified, our initial offer includes our desired monthly payment along with their asking price, with a balloon payment due in year 20.

Medium to higher prices that cash-flow or break even (at current rates) are probably C/B- class.

This includes transportation costs such as gas, airfare, rental car fees, and lodging expenses while away from home.

I'd also set up regular inspections of the home and if the lease states that the camera must remain active and in place, then use that as her breaking the lease to get her out. 

There are a lot of preventative/proactive things you can do, including, but not limited to;1.

Since you will basically be doing all the work including finding the deal, doing the construction and leasing/renting it out, that might make sense from a structure standpoint.

Stretch goals for the year include: getting my partner started with a flip and providing support as needed - she's a REALTOR, works in property management, and is interested in flipping; begin a marketing campaign to test out wholesaling as a deal-generation strategy.

It's important to be aware of the risks involved, including unfamiliarity with the market and potential travel costs.

Valuation for Property Management 3X to 5X Seller Discretionary Earnings or 1X to 1.5X Annual Revenue, depending on how well established the brand and reputation is in the market, market share, number of units, scalability, etc...Transaction Structure, never buy a Property Management business for cash,  you must include an earn-out structure or provision to protect the purchase against clients/property owners leaving post-transaction.