Generally speaking, this is exactly how it worked out for us: our rents are always on the top end of the market, we have very little turnover, and our tenants tend to be young professionals (doctors, lawyers, etc.), so we have zero hassles, with very few repairs during/post occupancy.  

If you never intend on selling, no problem, but if you do my recommendation is to have your exit option very clearly laid out and a good lawyer to draft it up. 

Get a lawyer to look over the docs?

-Recommendations for Denver real estate lawyers? 

The tenant threatens to get lawyers, my concern is their safety, but I can’t get any justification to make improvements to the property for security.

There’s a couple good eviction lawyers in town that can get them taken care of if you’re an LLC and can’t represent yourself.

I agree with @Joe Villeneuve.Real estate investing requires a certain set of service providers (RE agent, PM, lawyer, accountant, bookkeeper, contractor, sub contractors, handyman, etc).

The legitimacy of the contract probably only really matters if you have to go to court/arbitration to enforce it.That said, your title company would be a good place to start in terms of getting a legal review, I'm sure they have a real estate lawyer(s) on staff or retainer depending on the state.

Purchase price: $194,025The Sellers foreclosed mid-transaction and even had to lawyer up to get their lender to look at the Short Sale package.

Lawyer.