It depends on how the structure is written in the operating agreement, but under the structure I outlined above, that would be correct. 

Also, if you have a partner(s), get a good operating agreement that outlines financial liabilities to limit your personal cash input.

Ensure you have a clear contract that outlines the terms and protects your interests.

I will outline the basics that apply to 1-4 Unit properties across most lenders. 1.

“All these folks are very educated and very smart, but they’re not necessarily educated in finance,” he says.Some investors admit they hadn’t vetted their investments that closely, saying they didn’t read the pages of documents outlining the investment terms.

But with the questions I asked you should be able to determine a rough outline on if it is "worth it" to you.

The lease clearly outlines the tenant responsibility and I'm notified of past due accounts which can lead to a 10 day notice to comply or vacate.

I am reaching out to seasoned investors for advice on the optimal approach in this challenging situation.Thanks in advance,Liz Most building departments have website outlining permit requirements, or you could just call them.

Interesting strategy you're outlining there.

May not be resolvable.So the above outlines my concerns.