-Michael(Yes, I spelled out Texas as well as TX, and used lawyer and attorney, both to help with people using keywords.)

Hi Chris,Your obligations as a landlord are spelled out in the lease agreement.Maintenance free refers to a triple net lease or what we call them NNN for short.All I do is specialize in these triple net leases and also apartment buildings for my clients.In the absolute NNN you are correct that the tenant pays all costs associated with taxes, insurance, etc.

Even though I cannot spell it.

@Craig Garrow  this information is readily avaliable on the internet with a few clicks.just google a state and ask how the tax sale works.. many counties have it clearly spelled out.. no big mystery here

Tell them you are the owner and spell out your rules in the lease.  

Unfortunately I tend to rush, do not proof read very well and find spell check is not always the best. 

So, essentially, you can carve out roles and spell that out in the LLC and compensation, ownership %s, etc for that work can be structured into the agreement.  

But he has a simple first page that spells out the simple, basic, most important rules:1.

Second Note, I did a quick spell check so thats all you get.

Either spells potential disaster.Valuation #1 is just like a SFH.