Mary Jay,An AC system has a high and low pressure side and 4 main parts to it. condensation builds up in the ac unit and the drain line is a pathway to let out that water in a proper manner away from the components or unwanted drainage in the wrong area.

So if that component is present that will help you expedite the process.Best!

If you can find one that is more equitable and transparent in adjustments of the deal flow components, they may tend to care more for all partners, so keep them close.

This deal will have many components to it;1) The initial purchase (who's paying for what)2) The rehab work, who's doing it, and who's paying for it 3) The mortgage once rehab is completed, and how much money is your uncle getting back after the mortgage is in place4) The ongoing operations after the rehab, who's managing the property, who has what responsibilities 5) The exit strategy should one of you wants to exit the deal, or the agreed upon exit strategy based on the joint plan.You're asking about various templates, I would recommend using them as a learning tool, but don't write-up anything yourself, have an attorney do it.

Example: I know making an extra mortgage payment each year is the "WRONG" decision mathematically (super low interest rate on a fixed loan and I could absolutely "do better" investing that money instead), but since it shaves 5 years off my loan, it makes me feel warm & fuzzy and the psychology component kicks in and I do it anyway.Are you trying to grow your portfolio?  

If you are switching from R22(you older unit would be) to R410 the cost is not out of line as you would be changing the inside and outside components. 

The moment a property is rehabbed the lifespan of all components has started.  

In the grand scheme, they will be far lower than the operating ratios of any stock market company.It's what you keep that matters: To focus on any particular component of an investment strategy results in missing the big picture.

Generally, the key component of being a "property manager" is having control over tenancy and over finances - meaning you approve or deny tenants, arrange for evictions, hold rent funds, institute late fees, make independent judgments about home additions/repairs, and get paid for doing some/all of the above.

If you're self-employed, the Solo 401k will likely be the better fit for you.Here are few Solo 401k benefits:Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You can take participant loans from the plan.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.If you're not self-employed or if you have a business with employees, the self-directed IRA will be your main option.