Registration is only permitted for legal entities, partnerships and natural persons who are 18 years or older.

What is anticipated legal costs?

-Legal Protection: A real estate attorney should draft the seller financing agreement to make sure your interests are protected.Final ThoughtsThis might be a pretty awesome first project if you can work out some sort of low-down, seller-financed deal with sweet terms.

If there are any legal issues that I have to worry about etc. 

They could make legal arguments about hardship and/or off-sets for non-compliance by landlord, but this would require posting rent or coming even with rent.

Signing the lease demonstrates they agree to the terms and then you can hold them accountable.If you don't do this, then the person named on the lease and paying the rent could disappear and you would have no legal authority to charge the remaining three for unpaid rent.

Double check your lease, all the legalities and still check with the landlord....

So, we decided to ride it out and go through the legal process.

Most of the PM work is done on the first 3 months of the management, then we can recoup our expenses. 2. this Is legally required.

Many would be surprised to learn that about half of all states allow discrimination based on marital status, meaning a landlord can reject applicants that are not related and not legally married.As always, it's important to know the laws of your jurisdiction.