@Troy Zsofka - My plan would be to lower the rents to compensate for the utilities no longer included.

Should Person 1 be compensated extra for the additional risk of taking on debt?  

Ryan D. and others:The following applies to property you find or we give to you.Based on your preference, you can...1) inspect & photograph2) buy and flip 3) buy and fix4) buy and hold5) otherBefore and after you choose, we can agree on a written compensation agreement.- J Johnsonhttp://properties.healthcare-online-education.org/

@Brian GibbonsI know you must be annoyed with me and for that I apologize, again I am just trying to figure out what I need to bring into the attorneys office so that they can tell me here are the docs, altered with the direction you want to proceed and this is airtight.I understand the deleting of "friend" but in my research i found this verbiage "Compensation is required.

It's cheap and easy to do.Not sure how I would compensate the financial planner, but that part would be a must if they referred a client.

YA just remember it would not be smart to do anything with the property until the IRS lien period has expired.For example if you do a clean out and put thousands to tens of thousands in repairs and the IRS decides to redeem you will not be compensated for any of that.

My advice would be: if you cannot inspect the home prior to purchase then adjust your offer to compensate for a full interior renovation - flooring, plumbing, paint, many fixtures, etc. 

Installment # 10 Insurance Issues for The Real Estate Investor Let's move on now to a topic which is probably most overlooked.WORKERS COMPENSATION:Though frequently overlooked by many real estate investors, worker's compensation (WC) and related issues should certainly be addressed early in your business planning stages.

A processing fee to equal to the total fine (including fees, penalties and any other charges) will also be taken out to compensate the landlord for handling.Keys, Garage/Gate Remotes: If Tenants or their guests break, lose, damage, or lock themselves out pertaining to keys, garage or gate remotes than the tenants are responsible for any cost replacement, locksmith or other cost to rectify the situation.

How are you compensated?"