Do make sure you have a formal partnership agreement drawn up by an attorney with at least one strong exit strategy in place.

You may not always know what the seller has instructed the listing agent to withhold and what they are required to present, but you can include a provision in your offer that requires  a formal written rejection, and all offers should have an acceptance date and time deadline obviously.

I filed a formal complaint with the New Mexico Realtors Association and now there is admission of false/altered docs from the sellers.

We're odd in that our project manager actually has a formal degree in Interior Design.

We've chosen not to do a formal due diligence including ARV projections, cost per sq ft of rehabs in that local market etc, local title company selection, title search etc.This file may not proceed as we are dedicating resources to those with a likely probability to close.But again, thanks for engaging.

Anyone have any tips on how to assume / run expenses when there is no formal rent roll / P&L statements? 

Further, they did end up paying us for all rents owed (by the time the program paid, tenant was nearly 2 mos behind on rent).The church was less formal and we defintely were worried about getting paid.  

I can also make a recommendation to an investor colleague who has more formal coaching offerings. 

  - Your parents can buy replacement properties before the 45-Day period expires even if they don't formally identify them with a QI. 

@Stephen Bruce In South Carolina, where month-to-month tenancies default to a 30-day notice period with no formal contract, it's especially important to exercise due diligence.