I asked if they see any black growth on the spot where the leak happened, or any odor in the room, but they said both those things are not present.They are saying they are concerned and not very happy right now, and are hiring a mold inspector on their own to see if there is mold growth that happened due to the roof leak.

Also, I am concerned about the VRLTA which was amended a couple years ago to reduce the qualifying term from 10 properties to 3.  

I'm definitely not concerned with giving them quality service since this will be my primary market, I was more concerned that the relocation company would have the final say of who they could use as an agent.

That's the concern I have with investing with anyone and would be the focus of my vetting process.Thank you as well @Leslie Pappas.

However, there are a couple concerns or things I'd like to get input on if possible:1)  The sellers own free and clear and haven't even listed yet. 

My point is that there are so many potentially dangerous unforeseen scenarios that could effect the two of you, that having a clear legal document should take priority in your evaluation of this "partnership". 

Tell them your concerns about it, a good agent will become your wingman/women in this field.

My main concern is the cash flow for the first scenario, but the BRRRR equity looks great.  

I agree with what was mentioned earlier, concerning your age.

Above 60% I'm generally less concerned and anything below I want to know why and what the plans are to correct.Budgets and P/L - If reserves are low, the budgets and P/L should tell the story of why.