If she wants the m2m let her know that after the 2 months are up, she'll have to sign a 1 year lease to remain.

Below is all necessary information:Current Home (California):Single family home, currently we live in the our guest house and rent out our main house.Main house:  2800 sq ft  (renting for $4000/mo)Guest house: 480 sq ftPurchase price: $1,000,000Put $100,000 down, did a 80:10:10 loan, so $900k remaining in loans. 

Now maybe he's moved on to a $5M property ($1.25M down, $3.75M loan) with $1M in value add renovations that appraises for $8M and allows him and team to refinance with a $6M ($2M remaining in equity) loan and after paying down his original loan of $3.75M he gets all of his cash back + $2M in equity! 

CapEx Reserves - The spreadsheet approach listing out items of property (roof, etc.) with remaining life is a great way to look at it.  

I'm willing to take that risk because my assumption is that when it jumps, I'll owe less money on the loan so my overall profit will remain about the same.

However, if the person had landlord judgements or chronically didn't pay their rent on time resulting in multiple court filings, the rule still remained the same.

They are probably trying to source senior debt at 75% LTV and source the remaining 25% from a private equity partner.

Perhaps some people here can, but I am trying to remain realistic about my limitations.

She could sell you the house for $1 but the title remains with the mortgage holder same as a lien holder on a car.

As the property manager you would collect the rents, pay the bills, hold reserves for larger expense like tax and insurance payments and future capital expenditures and then disperse remaining profits to the owners minus your fees.