A nearby almost identical property to it grosses $130k.

Wouldn't want the tenant to send that to me by email or SMS due to identity theft concerns, but would also prefer not to do tech support on the ins and outs of file sharing with Dropbox or whatever.Thanks.

Bridge/Fix-n-Flip/Ground-Up Construction are nearly identical loans in that they are very short-term (12-18 months max) with higher rates and no prepayment penalties that allow you to take a run down property and turn it into something you can take to market...or convert to a longer term hold loan.

For perspective, a 4 unit building just came on the market for $2.2m, all identical 1 bed, 1 bath, 845sq.ft. units.What are the tenant laws out there?

Aloha,At a minimum create an addendum to add/remove the relatives to the Rental Agreement at each change, and copy ID/Passports to confirm identities.

I'm also not sure why the husband thinks he's entitled to a cut of the profits, unless he's paying an identical cut of the expenses.  

I spoke with him briefly and he sent over some initial documents but I was skeptical of the process and giving out my personal information due to me having a good score and the potential for identity fraud.

@Aaron Trommater My expense estimates are nearly identical to yours. 

And unless your rental agreement is identical to the owner before you, that's probably a necessary thing.  

The location of the fourplex is located on a dead end street with about 20 of identical fourplexs’  on both sides of the street, which seems odd to me .