I would definitely consider putting the property in an LLC and then memorializing the expectations/agreements in the operating agreement.Also, I hear that property management will be handled by a family member in the future - I would make certain that this fee is also ironed out ahead of time, whether you are hiring an outside person or family member.Have you considered syndicating the deal and offering it out to other investors?

It will be next Wednesday at the Starbucks at 5800 West Memorial.

Definitely seek the services of a reputable attorney who can memorialize the economic agreement between you and your partner. 

Many are legal, some are probably not so legal, some are probably specifically prohibited - so for sure you need to speak with an attorney about your strategy before you dive in.If my memory serves me right, it's what armando built his first guru program on - maybe it was his hair, or his smug attitude, or it was just him... but everything about the "subject to" thing rubs me the wrong way.The entire concept, i believe, really is way beyond a basic or straight-forward deal, and also puts your client in a fairly precarious position where the note could get called at basically any moment, and if they can't pay off the note (which they can't, hence the agreement to the subject to) they just defaulted and are now facing foreclosure - In fact, I witnessed this exact situation today on a $12mil note that got called in UT county.

I can honestly say the negative experiences turned me away from trying to follow my parents’ footsteps but I have returned full circle and have decided to think outside the box and put the negative memories behind me (not forgotten though).

I think I was reading in "The Millionaire Real Estate Agent" by Gary Keller about mind share and how consumers only have "enough" memory to think of just two or three agents at any given time.

The owner's memory is poor so he'd need to have a family member or spokesperson for himself.

If you can't take a call don't worry about it, if they're motivated, they'll leave a message.Really the only exception to giving everyone lots of easy ways to reach you is if you're trying to push prospects through a specifically crafted funnel.For example, I do rent to own, which means when I advertise a house I get hundreds of 'buyers' who can't possibly afford it.

In terms of the systems work - plumbing, electrical.So we only used them for about 2 months if my memory serves.

Darion, I live in the West Houston area and consider buy and hold the right strategy for my objectives, I would love to grab lunch with you one day after Memorial Day...my treat!