This practice is very odd to me.

Assuming I am understanding you plan.

We received the payout in about 30 days and were able to rehab the unit and get it rented again promptly.From my understanding of the situation, if the tenant did not have the renter's policy in place, our own landlord policy would most likely have covered it, but they could also have pursued the tenant to collect those damages.

I'm well aware of the challenges ahead and understand the importance of making informed decisions.

If the property manager is named on the contract, then the property manager can represent the owner in court.This may not apply to your situation, but I highly recommend you read the law or speak with an attorney to understand your options and which method is best for you.

It's also about understanding the market, having folks or a team there that can help you, and making sure it's viable for you personally.If this property checks those boxes, ignore anyone that downplays the returns not being high enough.

I’m just saying I understand.

Your notes should be documented well enough for anyone to understand what is going on with the lead.

I actually have a 199 Acre Paper Lot for sale there, and would like to understand how to properly List it on BiggerPockets.

I understand that paying off a property means positive cash flow once rented.