Is there a side agreement dictating the terms of the JV?

@Al Smith Typically, most state laws dictate that you mail to the last known address, which is usually the rental property itself.

Generally the zoning codes do tend to use the standard of three unrelated persons to dictate what constitutes a rooming or boarder type situation.

*What the seller is willing or able to do in terms of repairs or concessions will be dictated by a lot of factors.

However most newer investors are not aware of FDCPA and CFPB regulations, which dictate what can and can't be said to a borrower. 

At that size, it's generally a good idea to acquire a facility dedicated for this use, but the numbers and opportunity dictate this.If you have any questions, please reach out.

This might dictate who you are able to use to perform the work. 

 State law dictates procedures. 

In my opinion, the only thing that dictates over-saturation is over-supply and/or lowering demand.

The local district magistrates have enormous authority in dictating what you should do or shouldn't do for a tenant, and the kind of lease sticklers you're talking about don't do well in court.