We could hire a property manager, but as it is a small condo, I do not think its worth it to pay someone to do that, and plus, they wouldn't be as familiar with the property as the relative. 

I am familiar with theses but I have heard they are hard to get approved and a lot of work. 

I'm getting closer to make my first multifamily deal happen and I'm looking for a good contractor that has done 203K type of rehabs and is familiar with the process.Thank you in advance!

Keep in mind that any property needs to pass an FHA inspection and get familiar with the criteria.

First assignment for us was to find three terms we are not familiar with and define them personally.

I would absolutely find a more local mortgage broker/lender that is familiar with SC real estate practices and has a network of other professionals to aide them.

How long have you been familiar with it? 

Because you owned the property for some time you are probably very familiar with the property and understand how to make money with it.   

You often end up spending a lot of time trying to educate your clients on the basics of what running an LLC entails.For "advanced" clients, the fees often end up being cheaper because we are familiar with each other.

You could use the standard inspection addendum even if you have a different PSA, but title co's are more familiar with the boilerplate realtors use obviously.I use the standard one here in WA and just cross out and initial 'not' in the Not Assignable clause.