They can partner with you on the judgment and pay for all court filings and collection procedures to enforce the judgment and then you split the money 50/50 as it comes in.

Can somebody explain how this works and how can this procedure may help when attempting to buy preforeclosures?

But, later I wrote a letter explaining the new rent payment procedures.

Our EPA agency has went nuts over it recently with certain procedures and licensing and heavy fines If you do not comply.Carpet and paint and wall patch is cheap and easy as is lights and fixtures.

Even if you have no lease in place you can still use standard eviction procedures for your area.

How would this procedure work and would I really need a boiler for each unit?

In November they had the 1 b/r rented guy paid 1 months rent plus 1 and a half months security great I thought, now my contract required that the company got 10% management fee for all three units , again no problem ,Well Jan 15th was the last rent check I got from the 1 b/r unit and apparently the other two tenants were complaining to the management company about this tenant but never alerted me , The company began eviction procedures and after delay upon delay he left july 30th , 6 months with no rent from him plus I lost the other 2 tenants I advertised the apartments on my own and then recieved a letter from their lawyer telling me that I was under contract until November 1st and that any rents recieved would be subject to a 10% management fee.

Decide on written procedures for resolving disputes (e.g., arbitration/mediation, who will pay costs, what accountant to use, etc.)Since members have different roles, think about how to measure and reward the contributions of each member. 

Trust me, you only Think you want to be the broker.....a boat load of regulations, procedures, reporting, document preservation requirements, etc, etc.

I’m full in the education process right now, reading more books than I have since I was in dental school!