@Claude BoironI read the OPs post .. and one other of his in another thread .. as interpreted them as his inquiring about title companies from the perspective of conducting the Close transaction, not title insurance.

The board of health gave me this clause that has no correlation to such request.... they pulled something up and said that this is how we interpret it and disregard how you interpret it... we will go by how we interpret it... so leave your basement door unlock. 

My interpretation of the 50% rule is that all the expenses I listed with the exception of the HOA fee is included in the 50%.

That's generally interpreted to mean it has to appear on two tax returns.This is because of the "buy and bail" scam.

(c) An entity that does not maintain a registered office in this state shall file the certificate:(1) in the office of the county clerk of the county in which the entity's office in this state is located; or(2) in the office of the county clerk of the county in which the entity's principal place of business in this state is located, if:(A) the entity is not incorporated or organized under the laws of this state; and(B) the county in which the entity's principal place of business in this state is located is not the same county where the entity's office is located.So I interpret it as for unincorporated persons = file at the local county, and for incorporate businesses = file at the SOS and local county.

Some of the NNN type commercial properties seem to generate some decent returns, but it seems like you need a million bucks or so to get into a property like that.I'm not quite sure how to interprete your budget statements.

No one can tell you what a broker won't have a problem with, most won't touch it with a new agent.How the Realtor Code of Ethics is interpreted officially in your area is NOT something a broker in another state may be aware of, nor do they speak for the NAR!

And if your profit would be $250K+ (I'm interpreting "make" to mean profit, not gross sales price), then I presume the sales price has to be at least $600K.  

However, I would go as far as if you both are able to agree on mutual terms to install the tub and perhaps the tenant pay for labor of re-installing the old one, a contract should be drawn up.Furthermore, if the tenant fails to gain approval on the remodel; during the move out inspection that may be considered as "damages" because it was not left in the same condition as it was rented as.I am no lawyer, this is how I've interpreted the rental laws in AZ.

If your friend actually makes bank doing wholesaling (bank is up to interpretation) then 20% of that can mean a livable income (covers your yearly expenses).