If so, is this something I can get a template of online or do I need to seek one of these documents from an attorney to then present back to attorney signed by both parties to then draft a formal contract?

It's a good idea to consult with a real estate attorney or a financial advisor who is familiar with Arizona laws to understand the full implications.If you're considering a joint account with your brother, lenders will typically look at both parties' credit and financial situations.

@Ardin CychoszThis is where each party should get an attorneyA buyer and seller who both have no education or experience probably is not going to end well and you cannot have someone representing both of you.Get an attorney and if you cannot afford one then you should reconsider whether you can afford a home.

Rents will go up and your biggest mistake was to buy a nice house in a desirable neighborhood.The real threat is buying in the hood, leveraged up to the gills, maybe even with hard money, tenants are bleeding you dry, while you are writing checks to attorneys and contractors.Milwaukee is getting a lot of attention lately: cash flow is still better than most places and appreciation is stable at 5-8%.

Reply back was that would work, we raised the interest rate slightly and I paid for the attorney fee to update the note, which was only a few hundred dollars.Just a thought!

Do I call the county, do I contact an attorney, etc...

I reached out to my attorney to see what my options are, but always appreciate the opinions of the Bigger Pockets community.Thank you.

I would be very careful on that investment as quick research shows mogul club has not registered for any SEC exemption and I am not an SEC attorney but this to me is not even close to being kosher with playing by the rules. 

Make sure you have your contracts reviewed by a real estate attorney to avoid any pitfalls.Step 3: Utilize Business CreditWhile building personal credit is a must, consider establishing business credit simultaneously.

I have not consolidated them under one LLC as of yet—my attorney advised me to beware of franchise taxes in my state that may cancel out the benefits of consolidation.