Active involvement or passive?

So he is very involved and is responsive to the phone calls or emails. 

Again, it's a less exactly method of getting to gross rent potential but it's a start.   

I going to guess there was a trust involved.

The only thing you could do that cash flow does not show is what BP calls the BRRR method.

Well I don't know if "sorting anything out" with the owner is necessarily required...you can just state to everyone involved that the PM agreement currently in place will be terminated upon sale of the property.

Can anyone offer any advice on lease structure and insurance requirements to get this started off on the right foot to allow for a win-win for all involved?

So trying to collect the $15.00 nuisance fine would open up a whole can of worms.And a year ago, the city here introduced recycling food scraps, involving another can.

It kept him involved and committed because he had money coming when we sold the property.

I've been involved in this type of process a few times feel free to reach out.