They will have to manage whatever you buy on a daily basis until you sell the property or terminate them.

I don't say this to discourage you from the strategy but I have and do help sellers structure, seller financing and we almost always start the negotiations by asking for 20% down so that the buyer has enough skin in the game.

Now it’s providing a 30 day “back out” period, next it will be a restriction on the “profit” an investor can make; then it will be restrictions on rental rates.  

You can look up the taxes on your property appraisers website for several properties of the size that you were looking for.

It would depend on all of the other fees that are included.

Second, the pipe 1,6,12,24 inches away from the current leak is exactly the same age and could easily leak the day after they finish the first repair.

My client wanted to find condo in ski country for under 350K that allowed for STR and was walking distance from the mountain. 

We never allow the owner to choose the tenant.

The risk of loosing the money you need for your next down payment isn't worth the potential extra %.

I encourage your friend to forward the unredacted prom note to the SEC via this link https://www.sec.gov/tcr Click on Submit a Tip.