I hope they aren't considering EM as consideration.And while I am not an attorney I am not sure how a C&D can prevent someone from applying for and obtaining a license/certification, I would think that there would be an issue with the presumption of guilt without having been formally investigated, charged and found in violation or guilty.

The seller informed us that they do not have a formal lease with the tenants or security deposits. 

Hi Ya'll,I've been on the BiggerPockets forum for several months and would like to formally introduce myself.

Hi BP Community, I would like to formally introduce myself as a newly minted, official real estate investor.

Right now, my model for partnership really isn't a formal partnership...it's looking for those with cash (or cash like substances) that want to be cash partners but want to control their risk.My secret to partnership (not that big of a secret really) is to only form partnerships with others that can/will do either:1 - What I can't do2 - What I don't want to do, or the most important one,3 - What I shouldn't be doing (even if I can do it).

I’ve been poking around on BP for a bit now but felt I should make a formal introduction.I am a software engineer by trade.

I will probably have a bunch of questions, so I decided to give bigger pockets a try.My formal training is architecture from the University of Miami SOA and received a B.Arch.  

I'm very excited to final formal introduce myself to the BiggerPockets family.

My area is growing quickly and, after some formal analysis, it seems that now is the time to take action.

Related question: is it a requirement to write a formal agreement detailing, among other things, the % shares of each member in the common tenancy?