But most of us are focused on investor returns and executing the business plan so we can do more deals.Sponsors don’t get rich off of fees- they get rich by doing great deals, getting solid returns, and growing their investors wealth and their own on the backend of the deal.

It (and any contemporaneously executed additional agreements) is the entire agreement between Tenant(s) and Owner and may be modified only in writing.

If you can legally assign the contract in CT, then with an assignment clause in that PSA, all you need after is your assignment contract to execute with your end cash buyer which any competent attorney should be able to draft for you.

No one is going to lend someone 100K or more on a flip or BRRRR without showing experience and the ability to execute the plan.  

Make sure you make the tenants aware of how you will conduct the billing and execute. 

Further reducing the risk to the execution of the value-add, our property management company's construction arm is completing the work.

But, if you get a lazy one- you're stuck.Make sure you find someone with experience in the area that can execute.  

Write a budget, make a plan and execute a 5 year strategy.

It is our responsibility to diligently work to find a new tenant in a timely way.We have executed on this model four times and every time so far it has worked out fine.

Other than making sure you buy in a good location where rentals are in high demand, don’t worry too much about finding tenants, it’s not hard to place ads on Zillow/hotpads and learn how to screen, execute contracts, etc., you can learn all that easily and quickly.