However there is the potential for downstream liability in the event the GC does not properly paper contracts with sub contractors and those same down stream subcontractors aren't insured.

Ill email the Apartment complex tomorrow to start a paper trail. 

-JPThere should be a document in with your closing papers marked "Plat of Survey". 

We were prepared to do a land contract with them and had all the papers signed through a real estate lawyer. 

One of the many advantages being classified as a “real estate professional “allows you to offset income with real estate “paper losses “ like depreciation and other expenses.

The idea of accumulating assets is much more exciting to me VS knowing what I'm worth on paper. 

Lot’s of folks (mostly rich) are making real money from Uncle Sam, gettin that government paper!

So after 2 years of Court dates i finally Won the Case And my lawyer served him with Eviction papers.

There were no agents involved and an attorney drew up the papers.

If you and your friend have zero experience, stop and invest separately.You need three things for a successful partnership - Money, Time and Experience.If neither of you bring experience, the deal will struggle.partnering with a best friend sounds great on paper but what you need to do is partner with somoene with more experience.