If it’s verbal, they’ll need to document any prior communication or payment records to establish the relationship.If the PM is completely unresponsive, they may want to send a formal written demand for communication and payments via certified mail.

It is more complex and has added requirements such as a formal set of books just like a corporation. 

If it does go to probate, hopefully your brothers and you can amicably go the informal route vs formal (I've worked with families in both when buying properties out of probate and informal is FAR easier).Since there's no debt on the house, maybe you could sell with financing or maybe you could even buy out your brothers with financing -- that way you maintain ownership and just pay them a monthly amount.

Kyler, call your a couple of insurance companies and get a formal quote so you can take this back to the seller.  

I just listed our property but want to hide the entire address until the guests formally book.

While no formal laws say this is restricted, we are getting notices saying the request is not feasible due to XYZ concerns.

back of the napkin or formal agreements?

Private funding from a relative may provide flexible terms and reduced financial risk, but formal agreements are necessary, and interest paid is deductible for you but taxable for them.Traditional investment property loans offer stability and tax benefits like deductible interest and property taxes but require larger down payments.

I reply firmly that the rent has been late for the past two months as well as this month and she will have to vacate the property.Again, crickets...There are few days until the 10 day notice period expires and I can formally file for eviction.So I reached out to lawyers in the area and they ask for retainers up to $3k and some $300 consultation fees.

By the time a property is formally put up for sale in a town that size the locals have know it was going to be sold and had their chance at it.