A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

These types of agreements can get a little in-depth, but that is what you want for your protection and that other partner.

remember, these are NOT conforming loans, so all the consumer protections one might be used to having aren't there.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

We wrote into our purchase agreement that a separate septic agreement needed to be drawn up and attached to the recorded deed for all future owners which protected us and the other home owner,  and will make it easier to sell in the future with that in place. 

Also assuming your practice is going well, consider talking to asset protection attorneys.

Given when a return is audited some of these DIY firms note that (if audit protection is purchased) they will do a full engineered study to support the figures used within the audit.  

Many people in consideration of #2, take steps to protect the assets so that Medicaid cannot take those assets like a home.

If you did and had problems leave them a review with the Better Business Bureau, here and also contact the FTC Consumer Protection division.

A lawyer might be able to answer this better, but most rentals fall under fair housing laws (there are exceptions) and that protects against discrimination based on familial status which means children or someone who is pregnant.