It is spelled out in the lease.

For the sake of the relationship I strongly recommend a joint venture and spell out everything in operating agreement.  

As for contracting, all details would be spelled out in the scope of work.

For 'subject to' buys, IMO all the conditions and consequences of the 'subject to' should be spelled out to the seller.

I assume your lease spells out the procedures for late fees, including how much they are and when they will be applied.

A ton of owners will either do their own maintenance or hire the cheapest to do so....long term, that can spell huge costs for the new investor.  

But that should also be spelled out in the lease.Good luck!

I want to spell out a clear system in my plan that has specific parameters for cherry picking buy and holds.

Keep in mind, my father corresponded with him and forwarded me the email.I truly appreciate everyone's feedback and tootelige (I know spelling is horrible).

When a brokerage lists a property for sell the listing agreement spells out a co-op offered to the buyers broker ( if any ).There is not set commission rates but in many areas it could be 6% total with 3% to listing side and 3% to buyers broker side.Why would you need 45,000 in closing costs for a 700,000 purchase??