So, communication and assignment issues, as well as not being able to explain the maintenance issues and the required work.3) Proper documentation and quality of work issues.

If there is a specific document you would like to see added next please comment in this thread so I can get it added to the list!

The seller will also have to sign documents that are required and it will hold them liable for debts since they are on title.Best way to set that up is run the numbers and create a partnership based on the equity of the land and your cash injection and sweat equity.

However, you don't mention if this was added to their rental agreements or how this was documented. 3.

As with an STR, so long as you set and document clear expections, it is on the guest or tenant to proceed accordingly. 

If in the rare chance they do allow short term rentals in the HOA rules/regulations and association documents, don't be surprised if they change that ruling after you buy. 

I’d buy a Detroit apartment just to document it here.

Also Texas came out with some very strong laws on lease options as well, that is well documented. 

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

@Nate Marshall I put my notes in a Microsoft Word document.