Then you will list the tenant as a "Job" of that unit.QuickBooks is all about setting up your data in outline form.  

I approach any guarantee of returns as a red flag, unless it's clearly outlined with a payment schedule, as all investments entail risk.

As a result the contract outlining the agreement is (1) full off contingencies allowing buyers numerous opportunity to “back out” of an agreed to transaction and (2) supported by a relatively small (sometimes VERY small) amount of “earnest money” which is usually refundable given the contract contingencies previously alluded to.The result is (1) a large number of contracts “falling out” prior to closing, (2) a relatively long “due diligence” period of time between initial contact agreement and closing, (3) renegotiation (or attempted renegotiation) of price and terms by the buyer And, or (4) utilization of the contract as an “option” by some “buyers” who have no intention to complete the purchase UNLESS they are able to find someone to pay a higher price.Interestingly, in some countries, such as Argentina, for example, due diligence is performed BEFORE a contract is negotiated.  40% - 50% of the purchase price is due at signing of the initial contract (what we refer to as earnest money); it’s only refundable IF the seller is unable to deliver clear title, and closings happen as quickly as the buyer can come up with the additional funds.  

You might also consider drafting a letter of intent (LOI) that outlines your offer and demonstrates your serious commitment to the property at the $500K price point.

Still waiting for someone in the 10M bp posts to outline a way someone could be sued on a single family home that isn’t covered by insurance that was not gross negligence.

Each option you've outlined has its own pros and cons.

These guidelines are typically outlined in the community's governing documents, including the Declaration of Covenants, Conditions, and Restrictions (CC&Rs), bylaws, and any amendments or resolutions that have been adopted over time.

But in the scenario I'm outlining, you have high maintenance costs, you put in lots of labor-intensive management and renovation...but although there's plenty of cash flow, when you go to the bank to refinance, oops, sorry, we can't loan on your crapshacks.What is the real value difference between having a property that you are able to refinance in your portfolio versus one that you can't?

They outline various conditions and potential outcomes, further emphasizing the importance of both parties understanding and agreeing to the terms.In conclusion, while seeking professional advice is essential, always double-check information, especially on legal matters.

Yes let’s connect and I’ll send you an outline for an operating agreement.