Meaning, I can't go raising the rent after both parties have signed the lease for a lower amount.hope that helps!

@Denise CarringerI'd suggest using a third party contract loan servicer.

If you hire someone typically they are the ones providing this information, but if someone is paying you, then yes they need this information for tax purposes.BTW - I would say your SS# has been hacked so many times and is on the black market already this is why we monitor ours through other parties or just lock it down at experian and other agencies if you are concerned about it.

Moving from SFR to MF has its own learning curve without the development part.  I

Hello Vanessa and welcome to the investment party!

It's not illegal provided you're dislosing it to all parties and not trying to actively hid it.

SignaturesThis Agreement is binding upon the parties and their successors.Contractor Signature:[Printed Name] [Date]Subcontractor Signature:[Printed Name] [Date]AttachmentsScope of Work document.Project drawings/plans.Proof of insurance and licenses.Payment schedule.Note: This template is for informational purposes only and should be reviewed by a legal professional to ensure compliance with local laws and regulations.

The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.

Have every detail spelled out, use an escrow account and daily updates verifying all parties are executing their responsibilities.

Better yet have them underwritten by a licensed 3rd party.