This is the sample letter that site providesThey owe partial rent today, so I'm hoping to post/deliver when I collect rent.

@Art MaydanFirstly, if this is a student rental, I would recommend that you have the parents be guarantors and sign a separate guarantee which references the lease {i posted a sample in the BP file space a few years ago}.If the parents are signatories to the lease, then they have all the rights of a tenant including the right of access.  

Finally, it provides sample letters you can customize and use.NOLO web site is a great resource for state law.

On all my other deals I have never used a bird dog, so I do not know what's appropriate. no idea what is appropriate for bird dog but for a buy and hold or any transaction really 1 to 2k.. and then take that and pay them monthly over 36 months.. and then tell them to go find 20 more.. you have the opportunity here on BP to listen to those with a lot of experience at this and I cant stress enough that minor partners are trouble.. it never works out.. and they will think it was all them and you could have never done it without them.. pay them for what they did but DO NOT put them on title or a member of your LLC.. this mistake cost me a few hundred grand over the last 30 years.. even I can learn from my booboos  but I did not have BP to ask should I have minor partners sounded good at the time.. but then they have an interest and they can then exercise that interest and usually blackmail you into more than you really owe them.. 

Usually in these cases, there is an option to buy, but in cases of the old tired landlord, it is only exercised after his death.

Capital improvements should be an expense of the land owner as part of a lease option, otherwise you risk throwing that money away if you do not exercise the option.If the Seller's big concern is taxes go with a straight Seller Financing arrangement as it will provide the same outcome. 

The sample looks a lot like the seller (or seller's agent) found some calculation online and punched it into a formula ignoring performance in real life.If you're a potential buyer looking at investing in this property, take a deep breath and take a step back.

@Raul Flores You can find a few sample contracts in some mobile home investing books.

Then you should put together a pitch-deck with a sample deal, so you can talk with people about something concrete - i.e., "If I found a deal like this, would you be interested in investing?"  

Because I know our nervous system is in direct correlation with our gut health, I will make sure to continue eating healthy and exercising daily so I may always feel energized and ready to take on whatever challenges I need to face.2.