Say they plan on staying 2-4 years.2.

- How strong is their ability to pivot and execute the business plan? 

Buildium, appfolio etc are some on the expensive side.

I'm working on calling a list of event planners to see if they will share any information.As long as I have a plan before renovations, then I think my worse case scenario is that I spend some time, learn some things, and sell it.

We have since moved out, and the property is yielding just under a 50% cash on cash return after all expenses, vacancies, maintenance, and capx.Financed FHA 3.5%.

So the negative cash flow is an inconvenience, but I plan on staying the course. 

I'll make it expensive so it seems valuable if that helps.

If you're an experienced real estate investor living in or around Springfield, IL, I'm looking for someone to provide advice and constructive criticism of my ideas, plans, research, and goals with.

The general issue with accepting a partial payment is that unless there is something in writing to the contrary it can be seen as evidence that a payment plan was made between you and the tenant.

I plan to one day aquire apartment buildings for rental income.