Any thoughts about alternative ways to arrange the deal, or make better use of the full downpayment?

I am considering alternatives now that I have researched it.And yes, I used it without researching it too much.

Alternatively, if you are appreciating at $2,000/yr + $1,200/yr in cash flow, and you get that same special assessment of $5,000.  

You can't speed up the eviction process.What you could do is contact the property manager IN WRITING and demand they find you an alternative place to live or allow you to break your lease so you can rent somewhere else.

Another alternative, (if you do decide to rent to these folks) might be to make the Father the primary Tenant (He pays the rent) and the Son & Girlfriend are additional occupants.  

Always follow through on the paperwork but also attempt to find alternate solutions.

One major benefit is that it already has 50+ bookings through 2022The other alternative would be buying a property and building/renovating.

@Tyler Gibson We will if We can’t find anything other options - I’m just looking for alternatives, hard money is so expensive.

Constantly learn and evaluate alternate investing strategies and pursue multiple avenues.

She made up a schematic of all furnishings for a 700 sq ft one br beach house, this time with links to stores, physical and online, to make purchases and alternates as well.