Just because it's family doesn't mean other things can't happen where the loan could be examined and disqualified as an arm's length transaction.The note isn't filed, in the note stating the payee, you could say Mary Jane Smith and Tom Smith (H&W, Tom Smith brother of Holder) and I don't know if same names are involved or not, it's not necessary and it could draw other unwanted attention.

They can present financing issues when credits are allowed improperly as to what lenders allow.They are easily understood but often spin off types cause them not to be a true option or they may present unwanted consequences such as having to foreclose.A better alternative usually is buying Sub-to, wrapping a mortgage or using a note and deed of trust/mortgage.

I am also planning on attending my first Black Diamond meeting organized by @Ann Bellamy - so I am looking forward to seeing you there.I share your passion of transforming unwanted homes into gems :)I will see you around.

Many people let small dogs get away with unwanted behaviors such as aggressiveness and barking.

Disposal of fluids can be done properly, it's when they aren't you can have an issue.Noise is another issue to be covered generally, so revving up an engine constantly (as if they think they know what they are doing as old hot roders did) can be a noise issue.My lease prevented the tenant from keeping any inoperable machinery on premises or parts thereof, which meant all vehicles, lawn mowers or any gadget had to be operable, vehicles had to be titled, licensed and insured.The outside had to be free of clutter, trash, salvage or personal property not designed specifically as lawn furniture or for outdoor cooking and such was to be stored from view from the street when not in use.Those types of covenants will take care of a vehicle on blocks or an engine sitting in the yard.I wouldn't say anything about some minor repair being made to a vehicle, where do you draw the line, changing a windshield wiper or adding fluids or pulling the transmission. so long as it's done in the day and operable, doesn't cause toxics to spill, doesn't produce unwanted annoying noises, isn't a safety issue, is kept clean and neat, what's the issue?

@Matthew McLean You are correct, a multi-tiered corporate organisation may be excessive at this point.

If you are planning on holding onto the property for a while and generating cash flow, then yes, you want to put down the money necessary to avoid unwanted fees and insurance.

I followed BPers who I find investment wisdom in their posts. These are people who keep me posted on the latest events and trends in their areas of real estate investment. However, I have doubts if others have genuine...

I use Podio for my own organisation for CRM and Project management.

This way you can get something from them that's reasonable without running the risk of unwanted vacancy.