They have have done a great job outlining all the possible things that can go wrong and what  can go right.  

Hi everyone who replied, I didn’t think anyone would see this so sorry that this is late.Yes it was clearly outlined that the budget was $15,000.

The PPM and Docs are customized for your project so you will need to have it outlined upfront on the structure and payout (is it pref equity, debt and the capital stack etc).

There are no program fees outlined in the contract over and above my initial fee.

., repairs, management, communication with the seller).Exit strategies in case things don’t go as planned.When you do find the right partner make sure to create a joint venture agreement that outlines all of this clearly.

@Kishore Siva 100% go into their office and request a meeting to understand where they are in the review process, what questions they have, and outline a path to obtaining a permit.

In the end, you have to decide the cost / benefit / risk / reward of doing one makes sense in your situation.COST - You have outlined some of the costs, but not all. 

And, I think most women would choose a midwife that has gone through pregnancy.Like the OBGYN situation, there is a lot a CPA may not know about the rental business from debiting and crediting some journals and filling out line 242 on some Turbo Tax input form.And, understanding the operating details of the rental business are just as different from preparing a tax return as being pregnant is from delivering a baby. 

Work with a real estate attorney to draft a formal agreement that outlines responsibilities and protects both parties. 

That outlines who gets what, and you avoid probate court.