As far as you're concerned, he's a new tenant.When he said he didn't want to renew, you should have formalized that in writing.

Go a more formal educational route in finance and law, but eventually you'll need to revert to 1, or 2. to act on a transaction.

Many investors have never had a business plan as most of the time you just need to fill out forms for a banker unless you are dealing with the commercial side of the bank.So, maybe you do or maybe you do not need a formal business plan.

Every market is different....so check references and really look for contractors who have a formal office other than their basement or shed, someone with a professional business card & someone using yard signs or a fully signaged or decaled vehicle.

Are you going formal, contemporary, etc...

How many of those did you perform formal testing on the interiors of?

If your stock portfolio (the source of funds) tanks after you make an offer, it has everything to do with how the property is being financed and may influence your decision on whether to move forward, but has nothing to do with the financing clause language.Bottom line:  If my ability to fund a project is not contingent on my bank approved credit worthiness and/or a formal appraisal, all offers are cash...And, so far, no one has had a problem with this.Wm

You definitely need some type of formal joint venture agreement, and you should both be on title.

I don't object to owning in my personal name but this is a partnership and it's best I think to have a more formal structure.The conventional wisdom is to flip in a S-Corp and hold in a LLC, but it's a pain to have two entities, especially in CA.It's not talked about much but I'm thinking of a LP (Limited Partnership).  

No contractor wants formal complaints on their license.