To protect our rights, we would definitely deliver a formal 5 day notice (Wisconsin Legal Blank), but at the same time indicate that we are looking to collaborate to find a solution.

With some humility, I’d like to say it’s keeping the finances separated/organized and liability protections, or everyone’s favorite question… do I need an LLC?

It's not your fault that the tenant has to vacate, so the tenant should have insurance to protect them against any additional expenses.

If you do, work to protect it! 

There's an adage in several sports about critical things like protective gear: "a $10 helmet for a $10 head."

exactly I fund wholesalers in SC all the time.. its a boon to my business  :)  these laws are sweeping the nation.. its consumer protection U just have to many deals go wonky and complaints are filed so regulators are finally taking notice to this acitivty..

Many people in consideration of #2, take steps to protect the assets so that Medicaid cannot take those assets like a home.

Luckily I didn't because it's great now...but I didn't know that at the time.So I'm going to push back on the numbers people and say I don't think you're looking at the big picture and I also don't believe your numbers protect you from failure or guarantee success.

Way simpler and more protective for everyone for about $30/month.Out of curiosity, will you be at red stick REI in January?

These types of agreements can get a little in-depth, but that is what you want for your protection and that other partner.