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.

Hiring a PM can save you time and headaches by handling tenants, maintenance, and legal stuff.

In case someone has been successful please share the methodology that is legally approved.thanks,Ananth

I agree with the others when they say to hire a PM; a property manager will have access to better screening and fraud detection - and hopefully can add some protections in the legal arena too.

Whatever is closest to "Legal". 

As you are partnering with your sister, have a legal document drawn up as to what happens if one of you wants to sell and the other doesn't, how expenses will be split along with money you are putting down, borrowing, profits, etc. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

I think there is value in ADU as long as it is legally done and can be legally rented.On the sale side a benefit can always be an in law suite.

And the cost of legal defense , even if successful, will drive the company out of business.   

.- but the advertising company still gets paid.He has to pay for accounting services, payroll services, tax services, legal services, etc.- they all get paid whether he makes money or not.So, what's your point?