To protect their both interests, it must be reduced into writing and affixed by parties’ signatures.

Not recording doesn't make it not legit but, you'll need to record to protect yourself.Once you do record, be prepared for the due on sale clause if there is a lien on it.

Cross reference these with projections from a local propriety manager and/or your own protected daily, occupancy and operational costs. 6.

If he plans to live another 50 years, he needs an inflation adjusted way to protect wealth. 

This protects every outlet on that same circuit.No way you should pay for this...it's cheap, it's easy, and the house belongs to the LL.

Presumably you can also protect against this with the aforementioned neighborhood growth trends.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

We spoke with a lawyer who advised forming an LLC to purchase the home to protect our personal assets.

I would like to protect myself from that when I put my house up for rent in 2 months just in case this happens I'm not hemorrhaging money while trying to get them evicted

All tactics to save time & money.If this advice seems unprofessional you can send me a $10,000 retainer (first of many) and we'll go fight the bad guys, win justice and protect the American Way!!!