If there is a specific document you would like to see added next please comment in this thread so I can get it added to the list!

However, you don't mention if this was added to their rental agreements or how this was documented. 3.

Be transparent and document everything.3.

The seller will also have to sign documents that are required and it will hold them liable for debts since they are on title.Best way to set that up is run the numbers and create a partnership based on the equity of the land and your cash injection and sweat equity.

Here is a solid example you can adapt for a joint venture (there are differences, beyond just nomenclature, for a partnership and a joint venture): https://templatelab.com/joint-venture-agreement/Again, I would caution use of this document without a professional to review it.

When it comes to taxes, the key to successful planning is documentation; retain all records of spending, as all those costs can be deducted.”

If it’s verbal, they’ll need to document any prior communication or payment records to establish the relationship.If the PM is completely unresponsive, they may want to send a formal written demand for communication and payments via certified mail.

I never give the system or the prepped documents. 

There is no law against a verbal agreement for something like that and since you had a documented relationship with the tenant that answer would have to be considered possible. 2.

** This is part 6 of me documenting my fun and often stressful real estate journeyThe nightmare is finally over.Today I close on my second flip ending what will hopefully be the roughest period of my investing journey.