A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

I would have to research under what powers the Fair Housing Act was written, but the federal government has LIMITED powers to create laws that are spelled out in our Constitution.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Lender asks you about the property, spell it out on the phone before you apply.DSCR is not going to approve a property that is not inhabitable at closing, for this you need another type of lender.A teaser rate definition is an Adjustable Rate loan that starts low the first year then increases according to the note.This is a fixed rate loan.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

It would be one thing to advise someone on a topic and then it would be a completely different thing to give advice.......if you're going to chastise someone for asking a legitimate question at least run spell check before you give your enlightening response. 

It spells out the monthly rent,when it’s due, the length of the lease (or term), should contain clauses required by the federal and state governments, andmuch more.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

You would want a contract spelling out the terms of the deal so everyone is covered.