I snuck "danke shun" by the translator, but probably only because I spelled it incorrectly.. lol

It's whatever can be agreed to.Know this going in, in the minds of partners that perform work performing tasks, a partnership is never fair, one will feel like they are doing more than another, but if that's what the agreement spells out, you agreed, it's fair. :)

It spells out that you will be keeping their deposit for not completing the lease and says when they return the property to you, they need to leave the place in good condition and clean or maybe subject to additional claims.BTW you can't "just keep their deposit".

It's important to spell out the entire process to your investors and break the numbers down to show exactly how you intend to profit.

Your state should spell that out in statute (e.g. in NC it is here: http://www.ncga.state.nc.us/EnactedLegislation/Statutes/HTML/ByArticle/Chapter_36C/Article_4.html) and there may be enough there (in your state) to get you pointed in the right direction.

I have watched in the last year all the updates to the buildings, however, he spelled them out on paper.

Landlord policies usually spell out the coverages (which are a lot less than homeowners policies) and you purchase coverage a la carte.Landlord policies coverage for coverage are usually more expensive than homeowners policies.

It was another first and last months rent with an executable purchase option that spelled out my intent to re-hab and sell the property ASAP.

You should have an operating agreement which spells out exactly how the company is run and the rights and duties of the members.

sorry about the typos I can actually spell water and renter ha ha....where is auto correct when you need it?