Airbnb app is great, I only use the desktop version once a quarter to set up my pricing for the season. 5 mins a day playing with your phone to manage it, pretty sweet! 

Check in every week for progress and let it play out

I am just a little confused how all of this comes into play.

Equity capture at the buy is the play these days. 

There are plenty of lenders that do not require you to be on title for any amount of time and will give you full After Repair Value (ARV).Now I will say that sometimes the way the deal is STRUCTURED will come in to play (like if you purchase the property entirely in cash or if you have multiple partners) but even in those scenarios you don't have to wait.  

Hi Jean,Stock it with fish and have fun fishing all summer.Plant wild rice and maybe Ducks will show up--beautiful creatures to watch, and some people hunt them.Build a dock and toss in a small row boat....for romantic evening rides and something for the kids to play with.[1]>>> Have it tested for chemicals...some of these ponds have a years of farm runoff in them--pesticides and manure--it would be a shame if it's toxic.[2]>>> See if the sides go straight down (like a farmer scraped it out for whatever reason) and it would be dangerous vs. like a beach.Good Luck!

I also know she’s just looking for reasons to not pay rent and is trying to play this up.

Don’t know about appreciation, but that might be the play here.

The forced appreciation play in small-plex's has a few key points that the traditional SFH BRRRR does not.

But I've played around with the numbers, and it seems like I would get the same return by just buying more units alone, and not giving up any control of those units (the ability to sell, re-fi, renovate, etc. without needing permission from partners).