Of course by then I or someone else not living in outer space has already purchased, repositioned and resold the subject property.

Then, if still going to do it, write a policy which only allows the types of businesses you want subject to approval by insurance and bank.

Thanks for sharing your thoughts on the subject.

Keep it simple: outline the deal, timeline, and how they’re protected.When it comes to contractors, I’ve found these steps help a ton:Always get 2–3 bids and compare line by line.Pay in small, progress-based draws (never 50% upfront).Put everything in writing: scope, timeline, and penalties if they delay.Walk the property regularly and keep documentation (photos, receipts, updates).Starting out, it’s less about being perfect and more about having systems to protect yourself.

If you share rents, taxes, and your target loan type, I can outline two structures (stabilize-first vs. flex-turnover) so you can choose the lowest-risk path.

Here is an article about the subject.

All subjective per tenant/landlord/property.Most of the time when turnover happens later in the year, the amount of people moving slows, which right now there's a ton of options available for renters & buyers.Average moving costs for tenants can be costly too.

A Tansfer Disclosure Statement is required for all defects (repairs) past or present, permitted or not.Some common small repairs that require permitting (well outlined on SLT website) are; replacing water heater, repairing/adding any electrical, replacing windows/exterior doors, adding/upgrading plumbing.

Many investors successfully manage this process remotely, especially if the new property management company is experienced with out-of-state owners.Once you identify a new company, here’s a general outline of the process:Review Your Current Contract – Check for termination clauses, notice periods, and any penalties or fees.Notify Your Current Manager in Writing – Provide formal notice according to your contract terms.Coordinate with Your New Manager – The new company can often assist with the transition, including collecting tenant records, keys, lease agreements, and security deposits.Communicate with Tenants – Your new manager will typically send an introduction letter to tenants explaining the change.Ensure a Smooth Handoff – Confirm that the new company gets all necessary documentation and access.It’s also wise to ask the new company about their onboarding process, how they’ll handle the transition, and how they maintain communication—especially since that’s been a major issue for you.

I’d love to hear real experiences — the good and the bad — especially from other out-of-state investors.ChristopherI just wrote with detail about one atUsing Creative Financing To Buy "Off Market" with "Subject To" and "Wraps"https://www.biggerpockets.com/forums/311/topics/1265821-usin...