Just try to prepare yourself for the worst with regards to how you communicate in the future. 

If you do all that and communicate a lot, directly, not just through the app you can win.

@Marcos Paulo CerraCozy is also good because it can keep a communication trail for maintenance requests too.

If you are not an experienced accredited investor, take the time to understand the sponsor's strategy, their business philosophy, their track record, their investment model, and their approach to communicating/reporting to you as an investor, before you invest.

There are many ways you can recast this deal. first things first, close the deal with attractive seller financing. ask the seller to add settlement cost into the mortgage. consider some of these in your mortgage conditions ( put some or all of these terms in your offer) make sure you understand the value of these clauses - if not, give me a call glad to chat.1. put a subordination clause in the mortgage, this will allow you to get a new first and have the seller financed in second position.2. have a pay-off discount of 5-10% so if you get a new mortgage or sell the house you can discount the seller mortgage, this could save you thousands of dollars.3. have the mortgage secured by another property you own - this will make your property free and clear, now get a new mortgage, keep the proceeds or use it for renovations.4. have a stutter clause, this will allow you to miss one payment a year.5. have a first right of refusal in the mortgage in the event the seller (mortgagee) try to sell the mortgage at a discount, this gives you the option to benefit from the discount.6. the mortgage should be fully assumable without qualification with release of liability. this makes your resale attractive since you have financing built in.7. ask for a delay in making payments (6 months) this will free up some of your cash for renovations. good luck  with it -- Charles

@Joe Linares - Evolve Vacation Rentals charges a 10% fee for marketing, booking and customer communications.

PML's typically are savvy investors, they will not hand over money to someone with 0 track record, unless you have a good relationship with them OR have strong word from someone they respect.Other than building a genuine relationship with potential PML's, if you find an amazing deal and can communicate a good level of knowledge, they may lend to you.

And another of the things you want to learn.So say you want to learn flipping and on your great list is yard work, planting, trimming, and on your pretty good list is communication and friendly.Offer a flipper to do some of the landscaping or doing some cold calls or hand out fliers in a neighborhood to be able to follow him through a flip process.

When working with the right CPA, reviewing tax returns is less about finding errors and more about (1) completeness - ensuring that all items have been communicated to the preparer and (2) better understanding the tax implications of transactions.

The activities of wife with respect to the rental properties included, among other things, cleaning common areas, collecting coins from washing machines, performing repairs at the properties, communicating with tenants, collecting and depositing rent, maintaining insurance policies, purchasing materials for the properties, as needed, paying bills and keeping books and records for tax accounting purposes.