Therefore, find a good tenant who is willing to be honorable.To help make future decisions more automatic and easier, you may want to consider adding some of the payment terms contained in my lease agreements: (check your local laws for any conflicts and seek legal advice from an attorney before altering a legal agreement)PAYMENT TERMS (TIME IS OF THE ESSENCE)a)The DEPOSIT in the amount of [[$Deposit]] IS DUE ON OR BEFORE [[Deposit Due Date]].

I know one clause contains "contract is contingent upon buyers and/or partner approval"; are there any other clauses I can use before having it review by an attorney?

Not only check what the lease states, check the state law.State and Federal laws supersede anything contained in a written agreement.

The only public document which accompanies that transaction is the Assignment of Mortgage/Lien however it does not contain any price information.

Thx for the reply James it's nice to meet you.Yes I have browsed (partially) the Beginner's guide and I must say, it contains tons of good information.

This is a process where you should not short cut or try to save money.Most closings are based upon what is contained in the purchase/sale agreement.

A city that doesn't know how to contain spending, and ONLY knows how to tax the populace, are always aiming to to hit property owners with fees to be paid to code enforcement, environment registration, lead registrations, and property taxes. 3) Thirdly, the US has so many different city states and different microcosms, that its easy to use the internet to flesh out a great list of potential, affordable real estate investments that give high rents.

Minimizing your living expenses by containing unnecessary spending is equally important as creating massive income if you want to be a full time investor.My passion in life is to help others improve their lives financially.

ROBS stands for rollover as business startup.Over 20,000 ROBS have been funded to date and fortunately the IRS has published guidelines on ROBS.October 2008 Memorandum:First official publication where the IRS formally addressed the ROBS arrangement;IRS confirmed that these transactions may be not challenged as “non-compliant per se”;IRS summarized the steps involved in the ROBS transaction; andIRS identified compliance pitfalls including the failure to file the annual retirement plan form 5500 tax return, the failure to file the corporation’s tax return, & the failure to obtain an annual valuation of the plan’s assets including the investment in the corporation stock2009 - ROBS ProjectIn 2009, the IRS initiated a “ROBS project” to define traits of compliant ROBS plans and in doing so acknowledged that a ROBS transaction can be conducted in a compliant manner. 2010 – IRS Telephone Forum In a 2010 telephone forum conducted by the IRS, the IRS’s Director of Employee Plans Examinations Office and the Area Plan Manager stated that ROBS transactions are not “abusive per se” and that “you can have a textbook ROBS that is pretty much problem-free.”Fall of 2010 Retirement News for Employers: Brief SummaryThe IRS confirmed that the ROBS transaction is not considered an abusive tax avoidance transaction;The IRS confirmed that it does not protect business owners (also known as the plan sponsor) from incorrectly administering the retirement plan;The IRS confirmed that if the rules are not followed the retirement plan will be subjected to adverse tax consequencesFebruary 2013 Employee Plans Compliance Unit ROBS Project: Brief SummaryMuch of the same information contained in the October 2088 Memorandum was published in this summary; andThe IRS again confirmed that ROBS is not considered abusive transaction.

I believe most of this is in Texas Property Code 5.061 et seq. 5.069 and 5.070 appear to contain the requirements for a lease that is more than 180 days.