Also- you can redeem the ground rent, which means you can buy back the land for a small fee at closing.

Most condos don't appreciate much (especially in today's market), and I am seeing HOA fees continue to rise year after year.In terms of value added, it costs about $400/sq ft for a standard ADU here in San Jose, so it would be worth it only if you are in one of the highly sought-after neighborhoods.

New investors tend to fail in factoring in all costs, including repairs, maintenance, vacancies, and property management fees. 

I would own the company as a Franchisee, but not sure if this a good option with all of the associated fees.

Through this assignment agreement, you are transferring your rights to purchase the property to your buyer for a fee. 

This would avoid the $800+ LLC fee so long as you can avoid the classification of "doing business" within California.

  - Be sure to factor in transactional fees and costs you may incur during the process).Creative financing, conceptually, could be another alternative.Joe

Do you do it on your own or do you have anyone search for you and you pay finder fee.

In Macomb county you will need to make a lease on a monthly basis where the water becomes the rent after non payment this way you can claim those fees into your eviction notice and collect

@Amy FirminAmy, If you are bringing your kids in to teach them the business, letting them know that trying to cut costs by saving on legal fees is definitely not the best advice.A partnership template may technically cover the needs of the parties at its inception but may not be sufficient to cover the eventualities that can arise in real time.If you do find that template, spending a few bucks to have an experienced eyeballs on it to button it up seems like a good idea.