Everyone who has done this for a while has had a property or two like this one. 

This seems like it might be the safest way of moving forward.

I use this and share with my team (i.e) drone photographers, VAs, reatlors, partners, etc.Zoho Forms, I use this to collect info from leads, buyers, etc.Zoho Desk, this is a ticketing where all inquires go to and since it integrates with Zoho Forms, it creates a ticket within Zoho Desk + New Lead within Zoho.Zoho Cliq, similar to slack, I communicate with my team with this software.

ChatGPT suggests it can be considered 3rd party ownership  Talk to an attorney regarding this.

But this isn’t one of them. 

Once stabilized, you can explore financing for the additional units.A hard money loan could also be worth considering if you need quick access to funds for renovations with a clear plan for refinancing or selling later.Start with a solid budget and timeline to make sure you’re prepared for any of these funding strategies.

How does this deal analysis method sound to others?

So this would force you to shift to a MTR strategy. 

Amen, Sebastian.And wait — is this Michael/Mike/Mikey really the head of sales at BP?

I actually just ran into this exact scenerio with my buyer.