In my opinion, since the breach of the entire SSN database, those methods no longer carry value.

There are likely more investors that will want the cash flow as a landlord, so in that case selling with some tenants, but also room for the investor to finish lease up to help their overall return would be beneficial.Back to my opening statement, investment sales brokers would be able to give you better guidance.

Many of them found great success after their 1-2 years because many of those clients who were leasing ended up converting to homeowners a few years down the line.

I'm just trying to get started in investing and this is the first deal that has come up with an acquaintance. 

Given your situation, setting up an LLC is a solid choice for liability protection and managing your real estate activities.

Partners like that you bring up contracts to correctly form partnerships. 

It is intended to be a high level report to give hosts & investors insight into STR data for US markets and help with insight on how to set up your property to stand out versus your competition.  

I called the insurance company, they looked up their file, advised me the attorney called 3 times and sent 3 demand letters, and usually does no more, as they work on a contingency basis.

I had enough to cover it, and the deal ended up being a great win overall. 

The income from the property pays off the debt, while you get the tax deductions, equity build up and appreciation.As to why people pay cash, many don't know, like or understand other alternative investments.