If you rent out a property to someone, the property is the product and the rental - long term or short term - is the service.

How do we insure this - before and after rehab?

You can incorporate language into the sales agreement that allows you to form an LLC and take title in that LLC as a closing condition.

At this point we've added 30,000 emails to our database (after cleanup).Given most of our bookings are OTAs, this now enables us to market to them to book direct.

Then you will have a 10ish min quick walk through the property and if his pictures matches the reality and you don't see anything abnormal, then after you sign with him assignment agreement and you put nonrefundable deposit and close in about whatever days you agreed on(usually up to 10).  

Renting for $1300 per month with a $450 a month cashflow after expenses of Prop Mgr, lot rent($550) insurance and separate account for repairsLessons learned?

We worked with Rich Graham of REI Premier Real Estate Services and George Hemphill of Keller WIlliams to complete and close this project.

But like Patrick points out, each city has their own processes and some have point of sale violations, and Cleveland is supposed to start doing this in the fall, so the best thing you can do is to find an experienced agent / broker who can help navigate these issues with precision and ease!

Our previous team, found through Turno, became unavailable due to their growing business, and our current cleaner hasn't been meeting our expectations.We're hoping fellow hosts in this forum might have recommendations for cleaners who consistently provide excellent service and clear communication.

Do some homework, give it a google and see if you can find an agent and lender who look like they service the exact needs you have.