Best thing to do is be alert and try to stay away when you spot potential sign of trouble coming your way.

Quote from @Yemisi Dinkins: As a property owner, I would never sign a Master Lease because I would give up control of the property so someone else could profit from it.

One experienced investor said to me that if it looks like a different LLC has owned a home every two years it's a bad sign that the property is being passed around  from investor to investor.

And I personally like it because now the commish is on the counter offers and the buyers have to see it and sign it..

My mentor did say that he has purchased them before and had the owner/ paid the owner to sign something that stated the owner did not want the property back.

How the subscription agreement or paperwork you signed to do the deal would play a role in what you can and cannot do.

@Ben Azubuike it's technically too late to add anything else if you've already signed a purchase contract.You can try to negotiate with the seller for review of:LeaseRent LedgerTenant approval criteriaAt closing you also want acceptable copies of tenant's: DL, SSN, paystub, bank statement, phone & email.

We only had an agreement over text of what they would pay and no actual agreement was signed. 

After lease is signed and payment paid, booking is confirmed6.

Once you move forward with someone you have vetted and feel comfortable with co-living, you can use the message templates to inform your tenant, upload your lease for e-signing, and collect a deposit and rent.