I've recently purchased a 17 unit senior mobile home park.

The advantage of the standard form is that every lawyer in the state and many citizens of the state will know exactly what it is.

I am putting together a proposal regarding commission structure between myself and another agent in our brokerage. We are in multifamily and considering putting a partnership to paper. I am a "junior" broker...2 years...

Are the HOA liens senior to the lien you purchased?

Again its a HUGE project that im planning not a couple houses to be handed to problem citizens.

But if you're a US citizen with a job or business overseas, don't you still have to file a US tax return and pay (less credits for taxes in another country) US income tax?

They may be senior liens the bank doesn't want to pay.

It depends on what the tenant base is.Efficiencies and one units have a bunch of negatives.Turnover and reconditioning cost is high.Lenders upon refinance also do not like 100% 1 unit buildings.So it can be hard getting cash out after rehab with that unit mix.Also what happens is usually if someone fall son hard times with a2 bed they can get a roomate and stay.If the girlfriend gets pregnant they can convert the second bedroom that was an office back into a bedroom.If the girlfriend of wife gets pregnant a second time they can take the 1 bedroom and take out the one bed and put a bunk bed in.With 1 units unless it is an abnormally large space for a 1 bedroom most tenants will move to a 2 bedroom.I personally like 2 bedrooms unless you are talking college dorms or seniors that need a 1 bed or studio space.

I've been a periodic visitor over the years and decided it's finally time to introduce myself.I'm currently a senior in college in the DC area, and I'll be starting work in NYC this summer (assuming I graduate...).

I am not a US citizen but live in NY.