We had 3 offers accepted at once for prospective new residences but we can only live in one.

This may or may not be the message you'll want to send to your prospects.

You'll have to deal with their messes, and probably have to hire it cleaned (or clean it yourself) each time someone moves out in order to prepare it to show to prospective tenants.I wonder if there is any liability in renting out a room by room situation where you don't also live.

The rule of thumb I would say is to do a thorough background and credit check, this will weave out any bad clientele.With that said check out https://biggerpockets.mysmartmove.com/Its a service that will help you screen prospective tenants.

I do have one potential prospect to pitch the equity partner or private loan route to, but I'm not sure how best to structure it with them.

Even strippers are making $2,000 per day.If I were young and single with no job prospects, I would be there by sundown tomorrow.

Basically, you're going to have to get the list from Monday or Tuesday after its published and do a high speed evaluation of your prospects.

If you are doing a flip remember that it needs to present well to prospective purchasers.

It also does tenant ledgers, generates 3-day notices, organizes the process of checking prospective tenants and moving them in, and tracks maintenance.

The important piece you have left out is, "what are the prospects for the future?"