Legal 6.

The absence of a personal guarantee from any disqualified persons is still required, just as with third-party financing.

Just about every time I have been privy to the details of a transaction where one of the parties is unrepresented and the other is, the unrepresented party gets the short end of the stick.

My only add is to the replace your wife's income part. I

Your financial background is a huge asset, and it’s great that you’re starting locally in Milwaukee while keeping an eye on future expansion.If you’re looking to connect with like-minded investors, the Rental Property Association of Wisconsin is a fantastic resource for networking with rental portfolio owners, accessing legal resources, and finding contractors. https://www.aasew.org/For mentors, funding sources, and flippers, the Milwaukee REIA is another great group to explore. https://www.milwaukeereia.com/I’m a member of both and find unique value in each—maybe we’ll cross paths at a future meeting!

Consider creating blogs, social media posts, or short videos on:•How to handle late-paying tenants•What to do if a tenant damages your property•Best practices for tenant screening•How to legally increase rent without losing tenants•By answering common landlord headaches, you’ll attract leads who already see you as a trusted expert.4.Market to Investors•Many property investors want a one-stop shop—someone who can help them buy, manage, and eventually sell their rental properties.

So, to try to go a legal route because they might have fixed something a little over the limit isn't going to work.You will have to face that you selected someone that was not the right fit and be more hands on. 

The increased risk is generated by the fact that the owners are relying on the validity of the tenancy in common Agreement for their usage rights, and it is possible to imagine legal circumstances under which this validity might be undermined.- If the subdivider or someone with relationship to subdivider sells, a public report must be done.

(Photos from a third party inspector)

If the issue continues, consider offering a formal payment plan or seeking legal advice.