Since you have a pool and fireplace, it’s essential to include specific clauses addressing the use, maintenance, and liability related to those amenities to protect yourself legally.

I’d love to hear more from anyone with experience on this lawyer versus escrow company issue and how to protect your money while in escrow.   

Real estate’s a marathon, not a sprint, so keep your eye on the long game.

But make the lease arms length.And if liability protection is an issue then she could sell as herself and buy as a "disregarded entity" LLC. 

Hello fellow real estate investors,
I wanted to share some important information about the lead-based paint laws in Massachusetts. If you're new to investing, this is crucial knowledge that could save you from legal ...

I know I want to buy more properties in the next couple years but for my first one, how can I setup an LLC for the best asset protection?

However, it's crucial to verify with the specific lender, as policies can vary.Regarding recording a lien, if the lien is recorded, it formalizes the debt and provides legal protection for the lender, which might be required by your private lender.

This "guest" will be a tenant in the eye of the law so then you should treat them as a tenant and properly screen them and have them added to the lease. 

A promissory note and deed of trust are important but there are also other disclosures and documents you should collect to help protect the loan - Lender's Title Policy in 2nd position behind the bank loan, Loss Payee on the hazard insurance policy binder behind the mortgage lender so your parents get reassurance they'd be paid back if there were any claims that need to be made.

It could be a casual conversation with the dr that got blown out of proportion or a report that says it could be xy or z in his lung but you want to protect yourself just let him leave.