You'll also need a way to collect your security deposit(s) and rent.

He wants to get back on the property ladder and we have talked about me putting in 50% of the deposit needed to purchase a house.

Mainly, you'll want to let the potential partner how much of the contract deposit you'll be contributing.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

I would expect to be getting their $1k deposit at closing to offset damages which leaves $5k.

Any additional tips or corrections would be greatly appreciated.Example:If the PM sends an owner statement showing:Gross Rent Collected: $3,000Property Management Fee: $300Miscellaneous Expenses: $200Net Rent (Amount Deposited): $2,500In QBO, I would:Record an income entry of $2,500 for net rent.Separately, record any additional expenses paid directly, such as:Mortgage: $1,200Insurance: $100Property Taxes: $150Summary:Property Accounting: Handled by the PM company and detailed in the monthly owner statements.Corporate Accounting: Recorded in QBO, focusing on net rent income (after PM deductions) and any additional expenses incurred.Please let me know if this approach is correct and if you have any suggestions or adjustments to ensure compliance and accuracy in my accounting processes.Thanks for your guidance!

Ducting is the 1/2 the size of a rain gutter and you can paint the ducts to match the current exterior.

I paid him 20 k deposit and then paid him for all work once it was complete.  

All legal rights pursuant to the Rental Agreement, including return of any Damage or Security Deposit(s) are assigned to the Incoming Resident and remaining residents.

Opened another checking/credit card for just real estate expenses, and deposit tenant and our portion of payments into that account.