It's easy to mess that up by not digging deep enough, putting in proper rock and possibly tying to a drain tile (easier said than done), oh and sealing the new hole in foundation properly. 

Ensure maintenance is done timely, managers are friendly/professional and answer calls promptly.

Also if they have truly never lived outside of a parents home you are taking a risk that they will take proper care of your home without having mommy there and that their relationship is strong and that they will both want to continue living there and paying rent for the duration of your lease.

And depending on zoning, you could convert it to a proper BnB. 

The process if different that regular transactions and experience is needed to ensure the transaction goes smoothly 

The best thing is to buy into house appreciation when you see it coming as a massive wave while ensuring that you can surf the wave on your board.For some, that means been cash flow positive going to the deal (safer and conservative approach)For other, it is acknowledging that you would be out of pocket every month until you sell the asset, which is OK... but that is not a scalable strategy

The home is fine, but I've found some water damage in the garage wall (where an ice dam backed up) and would like to replace the drywall and ensure there is no mold present.

Operating Agmts etc would also be fleshed out to ensure everyone is secured.I know terms are all negotiable, but I'm looking for feedback on the 50/50 split and whether that seems reasonable / consistent with other deals you all have done?

Then call and ask them pertinent questions to ensure they are still great. 

Greetings BP'ers,Can you name some of the most cost effective strategies you employ to ensure forced appreciation on your properties?