As Ned Carey said, the contract itself should not be that complicated.

By sponsoring and mentoring agents, I have a vested interest in their success and also have agents to assist me in servicing my clients as I operate in 2 markets:  Washington DC metro are as well as N.

A good agent will be your best ally.And as Ned mentioned, there are tons of resources here on BP, I would also attend one of the weekly webinars if you can.

Hey Kayla,As @Ned Carey stated, by adding all of these additional rooms and running plumbing & electrical himself, you are putting yourself at a huge risk.

He finds individual tenant (individual rent is much higher than the group) from the get go and as n when a room is available.

@Julia Stroud You are starting to look in the right direction as NE and SE Austin will see a lot of growth over the next decade based on land availability and infrastructure growth.

As Ned points out, if you don't have confidence in the deal why should any lender?

So, as Ned said, you do have to know how to run it once it is formed.

Having a disclosure such as Ned's will show the intent, but a judge may not give much weight to it if it violates the intent or the spirit of the law. :)

You send the letter at the right time, or maybe you are the only one they get, or as Ned said you are the only one that picks up the phone or at least called back quickly, maybe they got a bunch early on and you are the only one that stuck with it to send that 7th letter when they finally were ready to make a move.But again as Ned said who cares?