What I've come to understand is there are 8 main components to a land contract:Purchase AgreementLand ContractLand Contract MemorandumClosing StatementDisclosure StatementDeedID StatementAmortization ScheduleIs there anything else I should familiarize myself with?

Now I do a recorded webinar, so it's similar to the conference call concept but with a visual component so I can share photos of the project, charts, and data during the discussion so that viewers don't have to flip through printed material to keep up with the conversation.

Key of course is finding the right TK partner or partners, and nothing is more important than the property management component.  

We look for properties with some value add component that will provide us with a greater equity buffer if there is a dip in the market. 

Basically, for roof, siding, windows, furnace or other major components, we have a very simple rule.

When using the Pa State Workers Insurance Fund for workers compensation, do they force you to pay workers comp on uninsured sub-contractors. 

It's really no different than any other property- you need to get a really good comp on the house and not just an assessed value.

I also host three free networking events a month that are easy, no sales mingling with other investors as well as an education component. 

Clearly my expenses for the wooden siding maintenance will be higher than brick as will need to repaint and touch up every 5 years or less, and the service for the window units will likely be less (especially since my lease states the tenants are responsible for them along with appliance repairs under $150 for that rental) along with them being cheap to replace and fairly serviceable.You have to look at each component of a given property and estimate the maintenance for it based on what you know, what you have seen as best practice here, ways you can minimize or avoid the expense, and based on quotes that you get from contractors as part of your diligence period.  

However it is accomplished, this auditing is essential as there is a requisite independent testing component to any valid AML Program, whether bank or nonbank, and now for affected retailers and community owners.