When we prepared the lease agreement, we were very explicit and essentially wrote it as a triple net.

Please review anything before signing agreements!

- This is great news, because I have never played violin before.And speaking of arguing, we are actually in agreement on the validity of REPS strategy, and I have many clients doing this.

Most listings have 2.5-3% allocated to the buyers agent already written into the listing agreement but you could write into the offer something lower, adjust the offer price lower accordingly and then pay your agent directly instead. 

In other words, two financing agreements "wrapped" together.But the goal here would be for the 2nd buyer to close all-cash (to skip the financing process), would that still work? 

Additionally, be sure to have an accurate ledger and your signed lease agreement.

Typical cost for the setup would be in the $15,000 range which would include production of the Private Placement Memorandum, Subscription Agreement, and Operating Agreement, Investor Qualification Forms, as well as filing Form D with the SEC, and state “Blue Sky” filings in those states where your investors reside. 

The lease should automatically switch to a month to month agreement after the expiration of the 1 yr. agreement.

The lease agreement should have noted when the tenant pays rent.

If they are up for renewal and you elect to non renew them you must stop accepting funds from the occupants after the lease expires (accepting rent after the lease expires may make it appear you have a tenancy at will agreement).