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.

Vrbo has free price automation software.I use Excel for book keeping.I don't pay for any third party software, not really needed on 1 or 2 properties.I charge a little extra for cleaning fee than actual cleaning costs.

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That part is not as straight-forward.Such operating agreements are frankly costly when done correctly.

., constructive receipt doctrine, effective control over nominal 3rd party relationships, lack of genuine risk bearing and compliance with transactional terms, etc.).

thank you for your imput, I also thought it strange that neither party has asked to see the property in person

The best part is that its a free tool unlike many of the tax softwares out there.