This also a time to contemplate getting a manager.

If the home is in good condition and you are not contemplating repairs, you still are required to notify any tenants that the property is presumed to contain lead-based paint and provide them with the EPA booklet for being "lead safe."  

Suppose now that the proposal before the City Council contemplates imposing a price ceiling on apartment rentals, but not on house rentals.

Except, I'm guessing his "Unless of course it becomes an investment home in the future" comment would be completely off your radar - otherwise, why even contemplate an SFR after so much success with multis?

So, it is important when contemplating the purchase of a specific home that you also evaluate the neighborhood to ensure that it meets the standards and has the amenities that you expect.

I am contemplating doing an elevation survey and possibly a LOMA since the flood zone starts in the middle of the street --literally about 10-15 yards from the front door.

When we can't see the purchase price or the down required, the FMV or ARV, the terms contemplated, rents and occupancy, there is nothing to work with.

My initial question came to mind when contemplating ways a wholesale deal could go wrong and I began to think of instances where a seller's listing was on the market for months, had not gone under contract at any point and the sale price had decreased several times.

This agreement will contemplate spell out solutions and procedures for for all of your questions above including how to split monies and profits.The biggest thing to remember is a true partnership is like a marriage.

This property had had its roof replaced over the past year or so, and apparently the roofing contractor had contemplated installing new electric attic fans.