The faster you find a replacement tenant, the less the departing tenant has to pay.

But then on the other hand you are treating your family as a transaction and have rental income.

Relationship-Based LendingBanks: Normal transactions are always cold-blooded and policy-oriented.Private Money Lenders: Most often work with borrowers to create solutions and value relationships over strict rules.The Bottom LineThe power of private money lending, I think, is a pretty effective alternative for borrowers who need speed, flexibility, and customized solutions—especially in industries like real estate investing.

If its inside city limits, its usually a city planning and zoning department or some such.

The investors that I work with value that we act as their boots on the ground for the transaction and normally use the equity gain to buy the next property.  

.😂 Point is there is nothing new in real estate transactions as it relates to how you structure them. 

Short answer to your questions is if you have a properly set up LLC then all transactions (lease agreements, invoices, etc) are under the entity name.

Hello, you can do some research with the city's planning department as far as their development standards for that zoning, i.e. set-backs, height, lot coverage, etc.

He used a gator lender to put in the money needed to finish the transaction.

TIAIf you have an electronic record (bank statement, credit card, accounting software, etc) of the transaction the IRS doesn't require you to keep receipts unless it's a cash (took real paper money out of your pocket) transaction for $75 or more.