Also I see different initiating actions such as informal, formal, and voluntary statment, Filing of will of deceased no petition.

As a newbie  investor (at the ripe young age of 61), I'm formalizing my goals at 1,3,5 and 10 year increments - so your post title hooked me!

Wasn't until formal property survey resulted in obvious problems with legal description that seller abruptly "cancel's" the sale stating their need to "fix the property description issues". 

This half would leave the master bedroom, formal living room, and formal dining room with the master bathroom and sitting space.

If you don't have anyone you're that close to, perhaps you can find someone that you know/like that will allow you to sublet part of their house for 2 months with a formal lease document (so they don't throw you out when they're sick of hearing crying kids :) ). 

Then fire her for the stupid plan of "well lets wait until the end of the month and see if he pays or leaves"....that's straight up lazy PM work....no excuses for a very passive approach to tenant that you have evicted before.Start the eviction ASAP....best case they leave based on that..... don't start with cash for keys as it kills all your leverage....you can always use that strategy later, but you cant take back the time you wasted before you started the formal eviction process....that should start at day one of issues, since you can always cancel it our change course before it goes to court etc

I like the idea of issuing bonuses if things are completed ahead of schedule, as well as laying out a formalized calendar for milestones.

Kyle - if you want to determine if  conventional financing is  possible for you at this time ...I would recommend connecting with a loan person to get a formal  pre approval  in place  for any scenario you  care to work with  ...this  process is free and  help analyze credit / asset/ income / employment  and   if  you aren't able to  get pre approved at this time - you can  then be aware of any  facet you  will need to  work on ….thanks

The formal work bid that comes from him will need to show an itemized break down of the total cost of repair between labor and materials. 

https://www.macleans.ca/economy/business/ontarios-...Any thoughts on:What alternative structures are working to formalize relationships?