So I think you just get complaints in this space...no one goes online to commend their lender's third party 'debt collector'...

Should I hire someone to draft up a legal document and serve the tenant/property to make them aware of the danger?

Crucially, my offer would include a brief inspection contingency focused specifically on verifying the major systems (HVAC, roof, etc.) that the agent claims are in good shape.Core Questions & Request for AdviceIs my offer plan wise to have something drafted prior to the open house?

Hire an attorney to draft your docs for you.

Yes, we can help draft the management agreement.

I would recommend using the lease drafted by Attorney Tristan Petit at Wisconsin Legal Blank and maybe have him review it if you are adding on things or removing. 

A good one will track vendors, timelines, and flag risks early.They can absolutely help draft the scope, just make sure they’re not the type to agree to everything without asking the tough questions.

What did you end up drafting? 

Next, create two buckets: a high‑yield savings auto‑draft every payday and a separate “deal costs” checking for inspections, EMD, and appraisals.

Because these are investment properties and you’re out of state, line up a North Carolina real estate attorney to draft the sales, deed, and any gift addenda correctly, and ask your loan officer upfront about their rules on gift‑of‑equity for non‑owner‑occupied deals, seasoning of title, and any cap on interested‑party contributions.