If they are going to be there post closing, at minimum have your agent do a final walk and take photos and video as you will now be the landlord and responsible to hold them accountable for any damage, so document.Once you get it up as a STR, you should go at least once a quarter to make sure cleaners are doing a great job and make any needed repairs or adjustments.

Another respected syndicator here on BP has been investing 10 years longer than myself.2) No money lost for his/her LPs.

My cousin who has 3 rental properties manages his own units and has all rental agreements on month to month and has all long-term tenants.

My Father in law purchased his home back in the 80’s.  

@Manny Vasquez dropped some great tips so I'm just her for moral support.

Apartments, storage space,....When you need tips or info feel free to contact me.

Thank you Cory for the detailed response.

Drug his feet on getting together the $12k down payment but eventually came through.  1 month later has missed the first payment.  99% sure I'll have to foreclose on him. 

Raw land alone is selling at 100k per acre in his area.

. ;-)But frankly, his time is too valuable to argue with you and he isn't going to defend his expertise.