Hey @J Scott hope all is well, I just came by this thread and just bought your book on amazon and saw that bigger pockets actually offers estimation templates, sample contractor agreements and 8 other documents..

Would you consider a Management Agreement with these characteristics to be a red flag?

Maybe you can understand his side better and come to an agreement. 

I know that a verbal agreement doesn’t mean much so I was looking to get her into a purchase contract.The sister visited her brother's lawyer to discuss the responsibilities of being executor of the will and what needs to be done in order to sell the house.

Presenting evidence of recent sales or lease agreements can help demonstrate the property's fair market value and justify a lower assessment.Engage a Property Tax Consultant: Consider hiring a property tax consultant or attorney specializing in property tax appeals.

Hi Lisa, As an investor, I have worked with all types of realtors, but for investment property I would say that you have to have an experienced realtor in investment properties or you have to have enough experience for the deal to work with.Experienced Realtor will help you with the contract (which in many cases are not simple), but most importantly with spotting issues in the property that could cost you thousands.Your concern is valid so it is important to sign a Buyer Representation Agreement, in which case the realtor has to work for you over his/her own interest (or you can sue him).The idea is not to sue them, but to make sure you trust them enough to work with them. 

Getting the mortgage under my name; then rent the properties with agreement with the LLC.  

If smoking does occur on the Premises orcommon areas, (i) Tenant is in material breach of this Agreement; (ii) Tenant, guests, and all others may be required to leavethe Premises.

I understand that there won't be any cashflow but the loan paydown and appreciation over time hopefully offsets not having cashflow.Legal and Financial Advice:Do you have any recommendations for legal or financial considerations we should take into account when formalizing this co-ownership agreement?

It's possible your loan officer had factored this in already, but you will typically need to have a signed rental agreement in order to show that your existing property should not count against your DTI.