In my mind, the agreement would look loosely like this: The option buyer pays an upfront fee to the option seller, giving the buyer a right to buy the property at any time between now and a certain date in the future, for a set price.

I'm new to the real estate industry and the seller financing option is attractive because I see the option to purchase an investment property with a downpayment smaller than 20%. 

I assume you're talking about buying the property at the foreclosure auction, if not then it would just be about getting ahold of the owner and seeing if they would sell it to you.If you are aiming to buy it at auction, this is a really good article to read: https://www.biggerpockets.com/blog/buying-house-auctionMost important thing is to make sure 1) you are buying the 1st mortgage and not a second and 2) make sure you know if there are any tax liens on it as those don't get wiped out in foreclosure.

When it comes to finding the perfect property to manage/co-host, what’s on your must-have list?

Interested in buying a rental property.

The property the prospect resides in was sold back in 2022 and based on the County record it shows it's currently owned by a Management company located in Florida (Don't know about regional office).

It's a great property management platform and it's FREE!

I’ve updated my listing to remove the reference to the fee and selected the paid parking amenity but I’m not convinced that they won’t delist my properties in the next 7 days.

📌Then we filter by the property itself:- Investigate all financials.- Inspect every apartment and develop a scope of work.- Evaluate all major systems (mechanical, electrical, roof, plumbing, foundation, etc).

Carefully read what you had them sign, notify them via certified mail (generally, 7 days' notice is needed in AZ), and schedule the HVAC person.