Promissory Note should spell out how much you borrowed, interest rate, the time frame, what happens should you need an extension, what happens if you default, ect. 

Will be spelled out in Operating Agreement.I am planning to run this by an attorney but wanted to get some advice from some of the experienced people on here first.

The LEASE spells out how things work. 

Once it’s more than husband and wife, you need the operating agreement to spell out the business arrangement and how profits/losses are split for tax purposes.

Sure, multiple choice, spelling etc. can be graded by computer and could have been before. 

As a general rule, if you are embarking on a real estate venture, consider entering into a written joint venture agreement spelling out each joint venturer's rights and duties. 

"I don't care what the newspapers say about me as long as they spell my name right."

Last year after a really bad tenant spell, we restored a lot of the property and repainted the whole house.

You want to make sure you have a clearly defined scope of work and payment draw schedule spelled out in the contract.

A very bad market in the first few years of retirement, however, could spell disaster for any retiree.”https://www.google.com/amp/s/www.forbes.com/sites/robertberger/2017/02/23/the-25x-rule-to-early-retirement/amp/In REI, they should take that $1,000,000 goal and divide it by the number of years they’d realistically be able to invest and earn it.