In my experience, though, the relationship with the prior tenant is ended once a new tenant is procured.

Here's my question- in this arrangement, I think who procures the material is critical for tax purposes...if I purchase, and GC reimburses, then could that be viewed as income?

It was worth it to me since my investor procured all the financing (at great rates that I couldn't get). 

The Limited LiabilityCompany shall also indemnify any Indemnitee who was or is a party oris threatened to be made a party to any threatened, pending orcompleted action by or in the right of the Limited Liability Companyto procure a judgment in its favor by reason of the fact that suchIndemnitee is or was an agent of the Limited Liability Company,against any losses, claims, damages, liabilities, expenses or anyother amounts incurred by such Indemnitee in connection with thedefense or settlement of such action; provided that no Indemniteeshall be entitled to the foregoing indemnification if a court ofcompetent jurisdiction shall have determined that any such losses,claims, damages, liabilities, expenses or such other amounts resultedfrom the gross negligence or willful misconduct of such Indemnitee.The Limited Liability Company may advance any Indemnitee any expenses(including, without limitation, attorneys' fees and expenses)incurred as a result of any demand, action, suit or proceedingreferred to in this paragraph (b) provided that (i) the legal actionrelates to the performance of duties or services by the Indemnitee onbehalf of the Limited Liability Company; and (ii) the Indemniteegives a full recourse promissory note to the Limited LiabilityCompany for the amounts of such advances payable in the event thatthe Indemnitee is determined to be not entitled to indemnificationhereunder.

The helps keep business and personal matters separate, it enables you to think through the issue without emotion, and it prevents you from being talked into something you wouldn't normally agree to.

Because Measure Y hadn't actually passed yet, we had some leverage, but the defendant's side also knows the courts are backed waaaaay up and we wouldn't have had a chance to actually appear before judge/jury until Jan (nor would I have wanted to actually pay for Jury procurement).We settled with an incentive plan as such (on top of the 2 months unpaid rent they already have):If they leave in 105 days they get $4,000If they leave in 120 they get $3,000If they leave in 150 they get $2,000They do not pay rent during this time.So, depending on when they leave, the eviction will have cost me ~$8,000 in cash/rental income.I will be able to recoup that money more quickly if they leave promptly, so I am hoping for the 105 days & 4k option.Additional lost rent totals $1800, plus $3700 in lawyers fees. 

I’m still in high school and want to ultimately obtain a large short term and long term rental based porfolio but would like to work in real estate in the mean time to procure the capital to begin this.

As hard as they are to find and procure on hard numbers, there is an art to making them attractive, consistent, marketing and profiting.

Any repairs done by yourself or a contractor will be inspected by the lender and must be completed within 6 months of loan procurement.

I declined to list but offered to pay her broker a 3% fee for procuring a buyer.