The letter above incorporated with: your rent is this, your sd is this, your lease expires this.

I don't think they are particularly unreasonable for a careful landlord, but I think the quality of tenants in the area might not be so great to begin with and including these details upfront makes me come across as a tough landlord:  Application: Background check ($25) Past landlord, employer, and personal referencesLease Points: Initial lease term is 8 monthsMonthly rent of $865 due on the 1st of each monthRefundable Security Deposit of $865Pet Fee (if applicable) of $200 upfront and additional $25 per monthOptional FrontPoint security system for $100 upfront and additional $50 per monthTenant pays for water, gas, and electricityRefrigerator and range oven includedWasher, dryer, dishwasher, and microwave not includedNo smokingAbsolutely no illicit drugs or other illegal activityTenant responsible for damages beyond ordinary wear and tearTenant required to purchase renter’s insurance before move-inNo assigning or subletting without landlord’s permission* The above list is intended only for purposes of convenience and is in no way incorporated into or comprehensive of the Lease Agreement, nor is it binding.

Hi, @Alex Cottman -- check your local legal bar association…they will sometimes have a sample lease landlords can use that incorporates the laws of your state.

When naming a corporation, you are required in many states to have Inc, Incorporated, Corporation or the like in your name.  

-Property is in IL, LLCs incorporated in MO but doing business in IL.I noticed that even with a Quitclaim Deed, in Illinois you need to submit a Illinois Declaration of Value form alongside which is what has raised some questions. 

Much better than Business Administration which only taught me how to work in corporate America and then retire broke.  

I checked it out and it seems like they incorporated a lot of elements into it.

How long would I need to wait to REFI the investment mortgage to incorporate the HELOC?

I am seeking additional insights from people with hands-on experience in Sub2 or Wrap deals (or at least a deep understanding of them) so that I can make an informed business decision about incorporating this strategy into my business.

Also I personally incorporate this phase into my part of the analysis.