Need some advice on the best way to structure this deal that's fair and beneficial for a 3 person LLC/partnership agreement.  My father and I have formed an LLC with another friend to start buying some rentals. We fou...

My understanding is in Jersey, the owner has a set period of time where they can force the property to go to auction.

If you buy in a prime location with desirable amenities, you’re setting yourself up for steady income and long-term growth.

If you can get in on a live goal setting all day class with Steve, I think it was one of the best classes I've ever been to. 

She can set up payments to be paid on the 1st of the month and no one is driving 24/7. 

He will definitely help set you up for success! 

@Bob Asad at our bank, we have an escrow account for security deposits, it is set up with sub-accounts for each tenant with their security deposit amount and their SSN.

That means that bank has its own set or rules/guidlines and can offer exceptions and offer more programs. 

Working with a good loan officer or mortgage broker can help you to get your file set up in a way that presents you in the best light to underwriters.

Offering 50% of the cleaning fee for cancellations within 48 hours seems like a fair middle ground.You might want to set up a clear policy with her going forward so everyone’s on the same page for situations like this.