Did you ever manage to find your answer?

Do you plan to do a long term rental and self manage?

The more time you spend on your Real Estate "Investment", the more it's a Business and not an Investment.I self-manage, so it's both an Investment and a Business.

Another option is a revised Tenant-in-Common agreement, outlining property management, expense sharing, and a potential buy-out provision in the future under specific conditions.

The best is when they move in and immediately begin making maintenance demands for things they broke themselves, or because some man they lied about not being on the lease is living there and broke it, or one of their endless supply of children broke it  and it's like you still owe like a grand from your deposit maybe don't take such a tone when you fuss over maintenance issues you created in the first place - but God forbid you withhold whatever pithy deposit they did manage to cough up for damages because they go full throttle Jerry Springer guest in 2.2 seconds. 

@Seth Vendelboe what's your management arrangement?

Prioritizing the stability of your foster family's housing while also managing your own financial situation is key.

Hi Dan, that is exciting to hear, and best of luck in your self-management efforts.The main thing to know is that when you re-list as a new listing you'll have about 14 days where AirBnB's algorithm will boost your listing artificially to give it a chance.

They have said on Podcasts that having everything in black and white makes fewer issues overall.Question: We are using RentRedi for our management platform that we set up to add 25.00 in late fees for every day after the three-day grace period.

Run a Worse Case Scenario.( Get some solid numbers from a property manager).Multiply monthly expenses by the number of months that it takes to get an eviction.