Quote from @Francisco Solano: I suggest you ask a business attorney in your state for this basic template.

First of all, do not take any money out of the business, because you will need it.

Investment Info:Office Space commercial investment investment. 100's of completed projects, JC Beal Construction is nearly 100 years in business, Beal Properties manages well over 2000 doors all throughout Michigan and the Toledo, OH area.

For someone managing multiple properties or with a busy schedule, automating some parts (like initial messages) can save time while still allowing room for personal touches later.It’s inspiring to see your dedication to responding so quickly, even at 3:30am!

You're running a business and want to just make money.

I think it speaks volumes regarding your care to the situation the heir is involved in.

it was an interesting process but basically, the novation allowed us to get the deal done without having to involve the banks. this was a huge motivation. that way I save on having to close twice. 

If you are trying to get a cash out refi, I would think the bank would want to see the correct type of insurance for the business you are running.

The client can distribute proceeds through a private agreement without involving the title.

Just my personal opinion - get a mentor or a person who already has good experience running STR business, preferably in your area (but not 100% required).