Some big ones that you guys can talk about before getting lawyers/CPAs involved to see if you are in agreement are things like identifying key decision rights and determine who has those if there is a disagreement (leasing decisions, refinancing, sale, choosing a property manager, scope of capex and renovations, etc) and determining profit/distribution splits.

Additionally, if you have any referrals to good eviction lawyers who can take my case, I would be very grateful.Thank you so much for your help.

Could you possibly hire a lawyer to make sure all paperwork is in order and sell it yourself.

After you pay a lawyer to fight the lawyer they get for free as the poor disadvantaged renter.  

I'm sure there are several factors to discuss with a lawyer. 

If it was me I would give them the 1000 and have your lawyer write a release of all claims as to the water.. and probably not renew unless other wise they are great tenants.. but if your already asking for pre signed checks sounds like collections maybe an issue as well.

I am talking to a lawyer to outline our plan tomorrow so we execute legally, but there doesn't seem to be any information available explaining how people are pulling this off.

i am planning on talking to real estate lawyer and real estate cpa but wanted to see if there were any thoughts from the forum. thanks!

Of course, *I’m not a lawyer* and local/ state laws may vary.

That being said, the idea of putting each property in a separate LLC is arduous and I think (in my non-lawyer opinion) unnecessary.