(yes I spelled it like I got asked) My reply to them was that they do not make 3x the stated need of verifiable income if you need "housin" thus you did not even read my rules for application.

(Sorry for my spelling english is my second language lol)

Then you can blame the lease when something unexpected happens.The lease/rents will be based on a portion of common area expenses, like the property insurance and taxes, the occasional re-seal the parking lot, seasonal sidewalk clean-up and roof maintenance; plus the upkeep of the tenant's space - spell out who will maintain the furnace and who will pay the plumber when the toilet backs up?

@Michael Georgiadis When a basement has dampness, mold grows and can smell stinky during rainy spells.

In the lease agreement, you'll spell out the specifics, such as the time limit, purchase price etc.

If you plan on holding on to the property for a substantial amount of time, the more immediate valleys may prove to be inconsequential to your long-term strategy.On the other hand, if you plan on holding for a relatively short spell, knowing the direction of the market’s more immediate future would be imperative.Feel free to give me a call when you have a chance.

You definitely need to spell out your roles and responsibilities.

@Thomas S.Luckily I explicitly put that in my.lease that they'd pay fines - it's my understanding that it can be dicey collecting if not spelled out.

Define default and what happens if you go into default (ie. exercise their rights per the deed of trust which spells out how they take control or sell the property)This isn't everything but it's a start.

The ICA also clearly spells out why the party being hired is not an employee for legal and tax purposes.Scope of Work DocumentThe Scope of Work provides a detailed list of all of the repairs that need to be completed on the project.