Quote from @Audrey Scott: My professional advice is to develop a clear repayment strategy to ensure timely payments and avoid potential financial strain. 

I will have the Seller sign the Assignment of Agreement Addendum to ensure no problems.Appreciate the help.Loren

My mom would like me to assume the loan of her house to ensure it remains in my name.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.

Does it have to come from an Attorney or is that simply the best way to ensure Notice was given and to minimize issues if Foreclosure is necessary? 

They have three days to complete and return it.This not only ensures transparency but also helps avoid any misunderstandings about the property's condition.

I’d recommend reviewing your lease terms and following what’s outlined there to ensure you're on solid legal ground.

Ensure contractors have solid referrals from other investors and join local real estate investment associations for networking.

Since you're aiming to purchase a multi-family property in Long Island, especially with the help of a capital partner, it’s crucial to run the numbers carefully (rental income vs expenses) to ensure you’re set up for success. 

In-person showings just aren't efficient.