They legally have to have this document filled out if they pay you more than a certain amount over the period of 12 months.

@Zach HowardThere is no legal requirement for landlords to actually witness lease violations firsthand.

Namely, that if a tenant (in this case accompanied by a whole family) ends up stop paying rent and I would be on the hook for both covering the mortgage and dealing with open ended legal costs and time.

As for soft costs, you’re looking at a fair amount for a condo conversion-there are legal docs to have drawn up, reviews, surveys, recordings, setting up the HOA, reserve studies etc.

Most are fine with that, but a few will have problems with it and claim there are legal issues, etc..

And if the government removes the app that the illegals use to get food, shelter, money and legal advice, then it becomes a whole new ball game.Regulations are slowing building down.

Legally, my investment is now depending on Aloha's action.

Well anyone can write anything into a contract, but whether it is legal and enforceable is for the courts to decide...It is State law here that a contractor must call 811 or they are liable for the costs.

One common approach is to form a legal entity, such as an LLC, where both of you are equal partners.

In 30+ years we've been sued 1x (legal blackmail over a tenant's drunken trip/fall) which the insurance company settled for $1,500.00).We've been using some privacy tactics to keep our names off the county recorder and the target off our backs.Further, we review our insurance coverage and premium annually, just to keep on top of any changes.As with all insurance, it seems to be a waste of money... until you NEED it!