Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.

Does anyone know stats on this or have personal experience in this region?

@Nicholas Nakamura can you make a trip out there in person? 

Perhaps possibility but the complexities of showing and selling/renting all at the same time can make your head spin.

It's important to understand that a person can sue another person, but that doesn't constitute a judgment.

@Kyle Cross, correct me if I'm wrong, but I think maybe what you're getting at is potentially pitching to your parents that you would like to take a shot at personally managing the units to gain experience and some form of compensation.

It is regulated and you need to learn the law before accepting any funds from another entity (person) in a syndication.

My expertise is deal analysis, buy and hole strategy (creative financing) and personal finance. 

Quote from @Elizabeth King: I have a property in my personal name that I plan to rent annually. 

I am not sure if the Legal person I talked to understood the length of her time there so that could be the confusion.