If you'd like to talk through options, feel free to reach out.Good luck! 

It's certainly a creative way to source motivated property owners, but it can also lead to manipulative tactics/practices from others by utilizing their unfortunate situation, leaving a sour feeling in my gut. 

I get the feeling they don't really know what they're doing, either.

I just feel like why would i spend $300/sqft.And thenn lets get to interest rates minimally its 7% good game.And when i see real estate sales they all dropping priceI dont want to be left holding the bag but tell me how do you do this?

Feel better Ray.  

Get a feel for the big stuff and just pad your numbers.

But all he has lost is time, whereas my wife and I have taken on all the financial risk.My questions for the group are, how do we feel about the split?

If you own a vacation rental in the Smokies, it might feel like demand is soft.

Feel free to send me a DM if you want to discuss by phone. 

It really comes down to what specific documents you need from the tenant that you'll feel secured and comfortable of renting it to him/her.The typical criteria would be credit, background check, renters insurance, first + last month of rent + security deposit.