Scope of Work - Prepare a detailed scope of work outlining the renovations or repairs you plan to undertake.

With the outlined steps and strategies, you can overcome the fear and stress associated with finding tenants for your house hack.

@LaShanti Penn we just gave you our outline:)Start investigating, asking questions and learning how to apply it to your market.

If you are good with the outlined arrangement and he is too, and you are both protected in your legal agreements for many of the "what if's", then it is fair.  

Especially when investing out-of-state, take into account the time, work, and obligations needed in maintaining the property.Create a Long-Term Investment Plan: Develop a long-term investment plan that outlines your goals, strategies, and timelines for acquiring additional properties.

In regards to partnership, make sure you have every duty, responsibility, and expectation outlined in the partnership agreement.

Another option is a revised Tenant-in-Common agreement, outlining property management, expense sharing, and a potential buy-out provision in the future under specific conditions.

My wife is an agent in NYC, she does really well and does all of the things that you outlined - takes time to learn if there is a barrier, guides her clients through the buying or renting process as seamlessly as possible, etc.

Everything was outlined to us in black and white before we signed up and paid the membership, and they have come through to a T.  

Hi Moshin, unless tax planning is outlined in the engagement letter you would've signed, then that would not be included.