The terms are not comprehensive and we expect that additional terms [including reasonable warranties and representation,] will be incorporated into a formal agreement (the “Agreement”) to be negotiated.

A fixed term lease, OTOH, can not be changed during the specified term unless step-ups are incorporated into the lease.Just google "(your state) landlord tenant law" and you will find the state requirements, which generally will not be contradicted by city or county WRT notification periods.At a bare MINIMUM, any new landlord must read and heed this basic local info before taking ANY actions.

I actually did purchase the two J Scott books as well, haven't had the ability to put all those tools to practice yet but I'm looking forward to incorporating them into future experiences.

And I can't afford to buy in CA, so won't be incorporating there :)

I am definitely incorporating the smoke detector one.

thanks @Joel Owens for the input selling to attract buyers price point at 750k it needs the emotional aspect incorporated.

My question to the experienced investors is what type of incorporation did you choose (or wish you chose) and why did it work so well (or not!)?

Although we track expenses for each property, there are some overhead items like a printer, attorney fees for incorporating, ordering checks, etc. that apply to the overall business entity and not specifically to an individual property.  

After doing some internet research on jurisdictions, etc, I feel like I have a grasp on some basic "rules": -incorporate through a law firm (for client confidentiality) -incorporate in a anonymity haven, and then open up subsidiaries in the state where you operate The things I'm not clear on are are how are the mundane (and one large) business operations functions handled, such as: -who signs a property lease or mortgage paperwork?

The market value of a property does not incorporate the condition as much as it should.