An alternative is working with a team that's already spent that money for you.

An attorney can get fairly pricey, so is it worth it to spend the $300 for a very well done contract or are there alternatives? 

An attorney can get fairly pricey, so is it worth it to spend the $300 for a very well done contract or are there alternatives? 

Thus, the most practical alternative is selecting a competent property management. 

I said 'if they can't get it together then we need to find alternate arrangements'. 

The biggest issue is the houses sell as UNfurnished.It would require a $30-40k downpymt to buy these houses but then another $30-40k to decorate & furnish them nicely (this includes all furniture up to & including window treatments, hot tub, etc.

@Michael Pike first, thanks for the alternate suggestion of TenantCloud.

I have $6,000 liquid cash among other retirement accounts with ~$8,000.I could gather all the cash I can and look for a low cost home to BRRRR with my own money coupled with a possible a small alternative loan.

@Eric KullingIf it is very faint, you might be able to do ozone treatment on the house and get rid the smell altogether.

So sure, you're giving the seller some of your upside, but if the alternative is waiting years for cap rates to go up, you might be waiting a while.