I’m personally based in Houston, TX, and I’ve noticed over the years that a good realtor can do a lot more for an investor than just listing a property.

No problem, I had cash from a refi, a HELOC, and a personal LOC.

If that person were to get hurt somehow and then expect you to pay the medical bills or become disgruntled in some way it is just a phone call to DOR, OSHA or L&I. 

@Mindy Jensen this is what I do until I've established a good relationship with them. 

Don't over think this, pull the trigger actions create results. 

@Reyna AyalaI personally feel this is overkill.

Questions like this often get better and more actionable responses.Also, keep in mind that while this site is an incredible resource, opinions can sometimes come across as blunt.

Signing the lease demonstrates they agree to the terms and then you can hold them accountable.If you don't do this, then the person named on the lease and paying the rent could disappear and you would have no legal authority to charge the remaining three for unpaid rent.

I would speak to lawyer and let them review the agreement maybe can do a class action and sue personally the managers if fraud.

Personally I like to build with cash to avoid the extra expenses, so I dont actually finance anything until its done and I have decided to hold it.