A breach of this mold prevention agreement shall be a material violation of the Lease Agreement, allowing Manager to recover possession of the Premises, following Demand for Possession or Compliance in accordance with state law, and all other rights and remedies contained in the Lease.

I'm asking for 1.5 month's rent for security, which totals to $5,700.

Make sure to do your market research, budget for renovations, talk to other investors/agents, and build a relationship with a lender to secure financing and get advice.

Leveraging Mark's local market expertise, we secured the property for $60,000.

It is the large community mailbox and you usually have to pay to rekey the whole thing for security issues.

I agree with you that if you are raising capital, you need to have other responsibilities in the deal, and you can't  get compensated for raising capital unless you have broker deal license.It can work if the sponsor who is running the deal is qualified, but unfortunately, people who purely raise capital can't vet a sponsor.Caution: If you're going to raise money for someone else's deal, have a conversation with a securities attorney.

Again, if she is in breach of her contract by letting her grandson live there, can I get her out without being sued?

Larger amounts you would be the sole lender and the sole bene so your secured and your HML is taking the points for their fees.In CA you can do fractionalized loans were the Bene's are actually co beneficiaries with secured interest on the loan..

IMHO in order to secure the best terms, you'll want to stick with W-2 for the purchase.

A good team for out of state investing consist of a local lender, Property Manager, contractor and a good agent to coordinate with everyone to secure your transaction.