They have a huge library of free information on how to properly set up leases, rules, handle situations, etc. which we still find helpful when managing for other people.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Tracking down the buyers for signatures, providing the proper disclosures and addenda, explaining that all inspection reports are 52 pgs, etc was really draining on me.

I wrote an entire post on how to properly structure "Cash Purchases" that you can read HERE. 

Run a soft credit report and not a hard credit report; the soft report will not affect your credit and we can still analyze your scenario and properly advise.

To address these issues, the lot needs to be properly sloped to divert water away from the building.

@Sunghee Shin we handle over 100 S8 rentals in Metro Detroit area.The main problems with S8:1) Tenants not paying their portion of rent and utilities2) Tenants damaging the homeBoth can be decently mitigated by properly screening S8 applicants.

Ensuring that you meet all criteria for substantial services and properly reporting on Schedule C can be complex.

HI All,I Was wondering about a prospective tenant that has a Tax ID number, what is the proper way to go about it?

Also pretty certain you have to have the proper licensing in most area to do this kind of lease structure legally...