Typically in those types of arrangements when money is coming in the door it goes to the money partner first to lower their balance as you are splitting profits not income. 

This is supported by search trends by terms like "affordable apartments Fayetteville NC" and "houses for rent under $500 in Fayetteville NC" suggesting a high demand for cost-effective living arrangements.

Chances are, the living arrangements and property use is not as it was supposed to be.If the money is good, set a lease with extra provisions for the dope house cleanup when the tenant leaves.You can't charge for the plants, but you can charge for uncommon use of the property.

As a general who does a remodel project for a seller but the arrangement is to get paid at closing.

Because the 401(k) is an employer plan instead of an Individual Retirement Arrangement, many of the plan-side features are more powerful, such as higher contribution limits, the availability of participant loans, etc.Structurally, you can achieve full checkbook control over either an IRA or a Solo 401(k).  

The fact that your 'turnkey company' is asking you to arrange inspection and cost for sewer would be worrisome to me quite frankly.

A business or real estate attorney or estate attorney will not know enough specifics in the detail to arrange true protections of combining cost efficient LLCs and managing holding companies and trusts to shield you from liability.

If it's an agent, they can also arrange an inspection.  

Let me share the arrangement I am doing with my PML.

The answer varies greatly depending on the arrangement of your deal with the owner/landlord but in general you need renters insurance to cover your contents (since you are renter presumably) and then excess liability coverage for your short term rental activities.