- Virtually all travel in the area requires boating, which makes even the simplest supply runs complicated - and expensive.  

It's the deep breath before the plunge.In simplest terms; failure.But I/ we (my wife) are working on it.

Specifically, anything indicating that the lease is completed and both sides have no claims or issues with each other.There's no "standard" agreement that I'm aware of, but we've done a bilateral "Termination of Rental Agreement" when we wanted to document that a tenant has officially moved out, that there are no outstanding funds owed, and that there are no claims or issues.These agreements are particularly useful when doing "cash for keys" with a tenant.I would keep it simple: State in the document exactly what you want to establish as facts, and then run it by an attorney for good measure.I'd also recommend requiring the tenant's signature be notarized.

@Ben O'Neill  The simplest thing to do is specify under address the room and use of common areas.

If you want to keep in an LLC, DSCR is probably the simplest way to do this.

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

quinoa vegetable soup, and it was was filling (and dare I say, cheap.. must have cost me ~$3.50 for all the ingredients).

Modular for me was a helpful way to slim the ingredients needed to create a beautiful space.

Ken,I currently invest in option b-notes and found this to be the simplest so far.

Time is the #1 ingredient in a long-term investor's success.