Request sample documents, including management agreements and monthly statements.

Their explanation is that the banking service they use (Thread Bank) and their agreement with Stripe (payments) leaves them with no choice but refund if such a request is made, even though they have records of the tenant authorizing payments via their own platform.

Just contact a collections agency and send them proof of the debt owed (could be the signed lease agreement or a judgement if you have one).

While there are all kinds of agreements to manage those risks, in the end, it's the guy at the end of the rope who gets hung first.A bank is not going to sell a mortgage to Bob "Investor" without knowing who Bob is, what their knowledge might be and the reason they are interested.

Moving forward, I'd like to revise my lease agreement to include this language, thereby eliminating the need for an addendum, but at the moment, this is my solve.Thanks so much!

If it's a layered LLC, most lenders will need to trace a warm body on the operating agreement which will involve a bit more paperwork trail.

Even if the applicants seem to check out otherwise, I would still be cautious about entering into lease agreements with them.

Purchase agreement between owner and you2.

Hey Becky,When you sell the property, the LLC will still technically own the property until it is formally restructured, so you will need to amend the LLC’s operating agreement and update its ownership structure to reflect the change, ensuring the absent partner’s interests are properly dissolved, and taxes are handled accordingly.

Partnering with experienced investors can also lower your risk while allowing you to learn and contribute.If affordability is an issue, co-buying, rent-to-own agreements, or leveraging sweat equity in fixer-uppers can help you get started.