My mom keeps hers at 68 due to health reasons so I figured give people an extra degree. 

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

It can be a great option to subsidize your housing costs, gain appreciation, and benefit from someone else helping to pay down your loan. 

To me, that's a LOT of money to pay.

@Renee JonesSounds like you need hard moneyA hard money lender could fund this but recognize they won’t pay a contractor upfront they will only pay when portions of the work are completed.

Pay no attention to the keyboard warriors that took a course from a guru that's really not been around the block.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

You should never allow a seller to become a tenant; he will be able to delay eviction YEARS, not months if he doesn’t pay.  

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

My experience is to spend some extra time and get granular with the data so it best fits your marketing needs.