If you’re running a MTR more like a STR, then you can decide to charge the full boat as agreed or, if you desire (possibly to obtain a good review) find a substitute renter for the period in question and credit the original renter.If, like me you operate a MTR more like a LTR just for a shorter period of time, you probably use a specific rental form provided by either the state real estate commission of the local NAR affiliate.  

@Calum Bressington, just a few thoughts:1.

On the private side, we fund in a couple of weeks.

The ones in the Facebook groups seem to be scammers. 

It's the least riskiest way to own income property in my opinion. 

I want to live in one unit and rent out the other unit to help pay off the mortgage, then buy another spot when I have enough saved up as a vacation home.

It comes down to your goal for the property.

Are you currently holding rentals here, or are you considering entering/exiting the market?

Quote from @Paul Cijunelis: The property owner fills out the form, along with their agent/PM.

I work with several investors in the area. and a deal for one will be different depending on what you are looking for.