You always want to make sure the guest has actually paid before sending check-in instructions.

I intend to set up a Revocable Trust with specific instructions on how my real estate is to continue being held because I know everyone’s first instinct will be to sell it and take the money.My plan is for the real estate to keep operating as it does now and putting management in place so it continues to generate passive income for everyone for a long time.

Our project manager instructed us to vacate our property prior to demo but we came to learn later HE DIDN’T EVEN HAVE PERMITS YET.

They deliver an envelope that has a notice we own the property, instructions on how to pay rent, how to request repairs and two lease offers. 

You instruct the banker for company B to write a letter, on bank letterhead, confirming a DOLLAR AMOUNT of funds available (it doesn't have to be everything, just enough to comfortably cover the deal), and deliver it, along with the offer, to the listing agent or seller. 

If your real estate acquisition sale is insured, you would either wire funds to escrow with closing instructions or write a cash line check. 

In my mind, at least, this eliminates this “send $650k to the title company with instructions to send it back to you”.  

And, I would easily win any argument that the knowledge you receive from a seminar concentrated on a subject which, if used correctly, can net you thousands of dollars in income within weeks is worth thousands times more than any standard educational instruction in the basics of getting a J.O.B. 

No LLC Needed: This keeps things simpler and avoids the state income tax associated with forming an LLC in Tennessee.Steps to Set Up Tenancy in Common:Purchase the Property: When you buy the property, instruct the closing agent or attorney to list both of you on the deed as tenants in common.Draft an Agreement: While it’s not legally required, it’s smart to have a written agreement detailing each partner’s responsibilities, the split of profits, and how decisions will be made.

To clarify, as I have clarified a multitude of times, SubTo can be done legally, but the issue is the vast majority are NOT done that way and far too many don't accurately explain/instruct on SubTo.