Do you mean a contract between you as an Owner/Builder and the Subs?

.- Focus on Landlord-Friendly States: Oklahoma is a great example, with straightforward eviction processes and laws protecting property owners.- Stick to B and C+ Areas: These neighborhoods balance affordability and tenant quality, minimizing risk.- Analyze Properties Remotely: Use tools like BiggerPockets calculators to evaluate deals.

Were you bidding on the property knowing that the owners were deceased, or it just happened to work out that way?

Hi BP community,I’m relatively new to wholesaling and currently have two properties under contract with the owner.

@Clare Pitcher we do 12+ month leases to avoid vacancies Nov-Feb.If we take over an occupied property, evict or have tenancy-abandon a property, we first let the owner know finding a tenant will take longer than "normal".This opens up owners to understanding they may need to:1) Offer 3D tour and floor plans to stand out2) Price more aggressively or be prepared for aggressive price reductions3) Offer MoveIn Specials:- NOTE: we do NOT recommend offering a month of free rent that can be used at MoveIn.

The second part of it is paying the owner their equity.

Quote from @Michael Smythe: Are you going to be managing your own or for other owners? 

As @Patrick Drury mentioned- the West Side does not have any POS areas (besides Lakewood, but it's only needed for previously non-owner occupied/rental properties) Something else to consider in Cleveland proper is Lead Safe Testing ..

Some owners like collecting late fees. 

You have given the tenant many of your rights as an owner BUT only for a specific time period whereas a deed transfers rights permanently.