One last point: If there is a higher tenant to bathroom ratio, a simple dry erase "shower schedule" on the back of a bathroom door can work wonders.

Simple solution is hire a local property manager, realtor or someone else to be your local eyes on the property. 

Interest on the All in one is simple interest, so it is calculated on a daily amount then added up for the month and that is your minimum payment at the payment point in the month.

Simple math tells me that 7% on a $100k loan is $7,000 in interest every year. $7k x 15 months is $105,000.

A simple one page option saying. 1) I understand because of your circumstances you’d like to lease  MTM.2) I don’t usually do MTM leases and it’s harder to lease my property in the “winter”3) because you’ve been such good tenants I’d be willing to make an exception for you at the rate of $x+$200 with the stipulation your provide more at least a 31 day notice to give me time to find a new tenant.

.: Hi,I have been doing private lending for a very long time, most of time first lien, some time 2nd lien also.recently came across a situation where first lien is already there on property and there is clause than 2nd lien can not be done on property.Investor(borrower) giving me option that we can prepare a new document for "Equity pledge" this mean conditional equity in property if there is default.I never heard this thing before.any one any input on this.Thanks in advance.A simple way is to purchase an option on the property.

The ap walks you through the entire inspection, so it's pretty simple. 

I would only recommend the promulgated form if it is a simple and straightforward lease. 

The action of creating the LLC with the state is simple and you should be able to do that without an attorney.  

Your mentor has needs; try to meet them and develop a mutually beneficial relationship.A mentor can benefit your growth, but it's not as simple as one post on a forum full of strangers.