Finally, arrange for a formal closing and record the documents with the county to make everything official. 

As little as you can move money around, try to get to a place where you are just paying yourself out and adding owner contributions into the business (but at the beginning stages this is something that is needed)

Sellers can also save on marketing costs, listing fees, and staging.

Looking at opening a home this year in California but in the research stage and trying to learn from others.

thank you so much, Matt I can assist I can offer a single member operating agreement template, you’ll be able to fill and change to your specifications I have this arrangement with most transaction agreements 

He quoted a 20% fee for managing each successful booking and suggested we improve the staging of the house, which he would oversee for an additional 10% of the total staging costs.

I'm in SA and still in the infancy stages of investing.

I am also not commuting to a job so while my son is in school during the day I would be cleaning and turning over the apartment for STR.At any rate, it will partly depend on whether the STR regulations in that area would even allow for this arrangement in an apartment or condo, but I just cannot quite see, at least for this potential property, adding a flip or rehab project to the mix.  

Lien waivers are also helpful tools and always require them as you advance through stages of the project.

And when things go south or sideways they don’t really know where it went wrong at the agreement stage.