It's essential to present your own lease agreement.

Ensure your agreement with that person has teeth so if they sign off on something that isn't right they can be held liable for it. 

But you do have to put some language in your lease  agreement or lease addendum that deals specifically with issues that will come up for the fireplace.  

It's a balance of cashflow and wealth accumulation.One of the goals is to have tenants pay as much of your cost-of-ownership as possible (loans, taxes, insurance, etc.)In high-cost areas, any Class A or B property you buy will usually negative cashflow for the first 3-5 years, until rents rise enough to cover the negative cashflow + rising taxes & insurance.Investing OOS increases your risks because you may not know the market and you can't check on everything/everyone all the time.If you move forward with your buddies, HIGHLY recommend creating a solid Partnership Agreement!

That's tenant screening and it also helps the tenant - they are less likely to sign an agreement if the place isn't a good fit for them.

Vrbo's agreement is not enough proof for the the CC company. 

They literally went through each operating agreement and prepared an email listing out each member of each LLC and clarifying they each had to guarantee the loan despite the fact none of those entities were even being used for the purchase (which was previously explained to Dominion Financial). 

The Owners Agreement has been a big help as it delineates the exclusive use/rights and shared rights to each area of the property. 

The combined entity would pose a significant challenge to other competitors.The offer is still under review by a special committee of Seven & I’s independent directors, with no guarantee of a final agreement.

@Brent Mendenhall The best thing for any investor is to avoid your company and those like it out of respect for their investment dollars.Why is there no formal agreement between RAD and DDH Fund LP when DDH Fund owes RAD's investors millions of dollars and collects rents on behalf of RAD.