This arrange that you will have will likely be a headache(major assumption on my part).First - Do not do business with a friend. 

@Chinku Chinku the rich get rich by making their money work for them.They borrow at one rate, to invest in something that returns a higher rate - they profit on the difference.Only you can evaluate your risk tolerence though.

So move forward and add whatever language is needed in the lease to deal with this matter.

Purchase price: $160,000 Sale price: $170,000 Contributors: Peter Vekselman Partner Driven and Jamari Sprueil secured this Dover Ct property in Riverdale, GA, for $160,000 and successfully sold it for $170,000 on the same day.

He hounds on cold calling.

Cash How did you add value to the deal?

The phone number for the 'agent' emailing me is the same as the one for the main business.

I've had qualified renters move into a rental, add their bum friends or family members, and then disappear, leaving me with bad renters who weren't approved and aren't on the lease.The best practice is to screen every adult, approve them, and add them to the lease. 

I’ve been in this business a long time, and I know firsthand how overwhelming that first deal can feel—especially when it comes to financing.

It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.