My lease says an extra $50 per month for any occupant not on lease that has stayed there exceeding the limits that the lease spells out for being a guest. 

Someone mentioned that you cant evict because of smoking if it wasn't spelled out in the lease but you can enforce damage due to smoking and increase the deposit because of that possibility.

But after the post you left me, I was walking on clouds The fact you took the time to bring me up, point out some facts, share some insight and take some extra time to defend me well you are truly one of a kind I know I made some errors but who cares we are not here to correct spelling or grammar we are here to support or guide one another. 

You just need to spell everything out in advance.The problem I see, is the dollar amount you are talking about will severely limit you in both buying power and length of time to go from deal to next deal.I would suggest that if you are looking to invest, and already contemplating a partnership, instead of going in on a new deal, go in on an existing one.  

And the 'rules' are spelled out so the mortgage brokers can qualify borrowers.

You also have to spell it exactly, with caps.

Well everyone has always suspected them and others (like Hubzu) of doing it and now they just spell it out on every listing. 

You need tax and legal for what you want to do.First thought is you both open LLCs and open a LLC as owner with an operating agreement spelling out terms of duties and reprecusions of default.But I'm not an attorney.Just my 2 cents

Your operating agreement should already have this spelled out so I am guessing you don't have one.

Under the water law, landlords may bill tenants separately for water if all of the following requirements are met Landlord has installed submeters that measure actual water used in your apartment; Landlord has installed low-flow fixtures;Your tenancy started on or after March 16, 2005 Previous tenant was not forced out; There is a written rental agreement that spells out water bill arrangements; and Landlord has filed proper certification.