This is particularly important if the buyer plans to change the property's use or develop it further.HOA (Homeowners Association) Documents: If the property is part of a homeowners association, include the HOA documents, fees, and any restrictions.Right of First Refusal or Buyback Clauses: These clauses can be beneficial in certain scenarios, allowing either the buyer to sell the property back to the seller under specific conditions or the seller to have the first opportunity to buy back the property if the buyer decides to sell.Amendment or Modification Clause: This clause allows for changes to the agreement, should both parties agree, to accommodate unforeseen circumstances or adjustments in terms.Record Keeping and Escrow Services for Document and Payment Handling: Ensure there's a clear plan for how documents will be stored and how payments will be processed and recorded.

I started the process of a portfolio loan with Corevest and ALMOST closed with them, but due to me being a foreign (non-US) national, they were demanding a lot of things like cashflow management (all rent goes to them first, I had to ask for draws to pay for repairs), they wanted monthly reporting, and they wanted me ask my property managers to sign away their right to be paid management fee first (basically Corevest wanted to be paid before everyone else).

The labor and materials shortage has also made the process much harder and profit margins are very slim.

I am currently writing my business plan the deadline for it is March 10th, 2024 then I will hire someone from fiver who is smarter then me at writing and they will take what I wrote and make it look better and presentable.

Are there any tools or systems that have helped streamline this process for you?

If the buyer does miss a payment, find out the foreclosure process in TX. 

Yes, additional expenses for MTRs include utilities, wifi, landscaping, consumable supplies you provide for your tenants, additional insurance needed for a furnished home, and if you are hiring anyone to help with the property if you aren't self managing.

STR can look like more work but with a decent co-host and AI tools in place (co-hosting is mainly mastery of people, process and technology), it's not as hands on and still profitable for the investor.

Full Control: Solo investors have complete control over the decision-making processes.

However, for out-of-state investors, the process can be daunting.