I'm considering buying a house in a condominium built by the Terresens group. The house would be delivered in two years and would be rented out / managed by them (70-30 split of the profits). From what I've been told so far I'm free to pick which weeks the house is available to be rented out.
I have no experience with these types of properties, but it sounds very useful to have a company managing the house with minimal interaction from me.
Is this a good deal or am I being naive?
(I don't think this is exactly leaseback, but I thought it's close enough)