We are looking at purchasing 1-2 more properties in the next few months, and I want to make sure I'm doing everything right from the beginning.I currently fully manage both rentals (bookings, customer relations, schedule cleaners, repairs, booking keeping, etc.) and the plan is for me to do so with any future properties. 

@Bryan Hartlen -I wouldn't modify the loan or allow an assumption by the new property titleholder. 

@Mary CiccarelliNonetheless looking good condition shape or shaped up a little repaired of may my lucky or not if that in your complete shape for sell or lease even render is if customers rent stays as long enough so possible that down above house shape maybe custom care or not consistent move out unknown so makes my possible card of or what condition of.

Leave cushion in the assumptions for some wiggle room e.g.

From the rest of her email, it sounds like for the purpose of making loans, that step is often rolled into the origination process and involves no out-of-pocket contribution from the customer (because they're making money off of making the loan, so they gift you the start-up funds). 

A STR business is VERY customer service heavy with a lot of guest interaction.

Common vacancy assumption is 5%, which generally implies your tenants will stay 2 yrs, with one month downtime on each turn.  

Rental Revenue (At Market)= $195k Annual (excluding vacancies/bad debt/concessions)              Vacancies: 5%              Bad Debt assumption: 1%             Concessions: 0.5%I am assuming that expenses are running: 12k for property management30k for taxes10k for maintenance and repairs6k for insurance7k for utilities (not reimbursed)4k reserves-------69k total expenses-------Net operating income: 116kAfter debt service and capex reserves, I am assuming net income would be around 5k annual for the first year.

If you have specific concerns, probably just need a custom draft.

@Jakerria Seals yeah, any contract would be ok but I have seen MORE transactions using the TREC with the home owner, then the buyer of that home signs a "custom" assignment form/contract with the wholesaler.