Venue dictates where disputes are resolved  and if it’s a loan collateralized against property and there’s a default the venue will be the municipality where the property is located even if the loan docs set venue elsewhere or parties have business dealings elsewhere.

Let them know that there will be routine quality control checks/inspections so that if your third party inspector finds any issues with quality, the GC will be responsible for paying for the correction.These are just some theories that I think will help and plan to implement when I operate out of state flips.

I don't think a gift card is necessary at this point, but if you can exchange addresses and phone numbers that would be great.Think like a neighbor....they are going to be worried about parties, noise, trash, etc.

I am currently managing the duplex myself but think will need a 3rd party managed for the the 7 units.

Hey Richard,Welcome to the party!

The BEST acquisition today is positioning for the soon coming FTHB "make it rain" party.

This is to ensure that both parties are aware of the loan and to protect the lender's interest in the property.

Quote from @Eli Ling: thank you, what do you think of this email:I understand your concern about the ceiling leak and your assumption that it might be coming from my apartment.Since we both want to resolve this issue, I suggest contacting the HOA to involve a neutral third party who can determine the actual source of the leak.

@Caiden Mooney, if you are going to rent the property to third parties you may also be able to use a self-directed IRA to fund.

The cool thing is you can structure the agreement between you and the private money investor in a lot of different ways that works for both parties.