But tenants that are not on a formal lease or "bad" tenants in general will really make me skittish on pulling the trigger for rentals. 

I'm excited to get started, but I've heard and read over and over that we should get a formal partnership agreement in place before purchasing the house.

We plan to use this property for our family at no charge/no formal lease for the next few years with the potential of renting out again in the future. 

It’s a 4 bedroom 2 bath and has a eat in kitchen, den, living room and formal dining room.

Since it's so hard to collect from tenants who owe, or in some cases not really worth trying to collect, I would like to know more on being able to use the 1099-C "cancellation of debt" form. All

We wanted to register an LLC for the properties to be registered under, as well as having a way of formalizing our partnership.My question is, when the property is purchased, is the 'owner' listed the LLC?

What a challenge, FYI I have had numerous similar experiences with heat, cooking gas, electric ect- 9 times out of 10 the tenant never turned on the utilities because for the first month or so there is a gap from when you get it out of your name until the service company comes out and formally shuts off the utilities.

Hi everyone, I've been on BP for a week or so and decided to formally get myself introduced to the community.  

I'd say 60 % of my deals are done with 2 or 3 investors we have nothing formal & arrangements are flexible & usually negotiated into the assignment or promissory note payable a closing.

We in fact need to have a formal TAS2012 review before we get our license.Your state's department which oversees aging and disabilities should have a website with their requirements.