Business entity - probably LLC - with a well written operating agreement that governs each parties' rights and obligations, management authority, spells out how money is spent and distributed, dictates how decisions are made and what type of consent is necessary for different types of decisions, includes buy-sell provisions in the event of a dispute, death, divorce or disability, etc. etc. etc. if you decide to own it individually as tenants in common, you need a property management and ownership agreement that addresses similar issues outlined above.

Kacey A (1 star) 01/21/2021I contacted express Loans 911 I am a new business owner my CFO and myself were on the phone with a rep from express for over an hour he explained what's the terms and conditions of the loan we agreed upon it we went ahead and paid them $1000 to start our account with express loans after that was completed they tell us to come back when we have a house ready when we did.they had change the Terms of what we agreed upon then they insulted our intelligence several times with bogus offers.after they told us that we couldn't receive it because the representative did not say that,but yet the conversation was recorded do not trust anything express loans 911 have to say they're not a reputable company and they were trying to cheat you every chance they get I am still in disputes with express loans 911 right now""Honesty V (1 star) 01/10/2021First, this scammer doesnt have physical office address (you will hear dogs barking in the background). 2nd, their Sales Reps, Loan Openers & Underwriters are from the Philippines pretending to be locals in the US from different states. 3rd, they will do all their best for you to pay COMMITMENT FEE, then sooner is their so called ORIGINATION POINT amounting to 3% of the portion of your loan amount in w/c will just go directly in the scammer's individual pockets.

For starters, doing what Warren Buffet does can not be disputed as the best long-term method there is.

Multi tenant stuff is a lot more work, you have shared common areas and plenty of parking or other tenant disputes to babysit.

Best of luck in finding a resolution. 

For instance a broken window in my case I provide most my own services and know some decently priced contractors if it's something I can't handle. my question do I charge a fixed price for all tenants based on repair service and material cost and offer a settlement guide as to general related cost at move in. or do I charge based on my own time which to me makes sense but what if they dispute bill or refuse to pay saying price is too high or they could do for cheaper. which for one never let a tenant make own repairs usually makes more work or could injure self and sue.But let's say tenant disputes charges do you then just remove from security deposit and let tenant take you to small claims court to dispute?

When you signed up to own investment properties that did not include meditation of physically violent domestic dispute issues.

This happened to us...And when we disputed with him, John Helmick, CEO of Gorilla Capital, retaliated.

A big one is that LLCs require a lot less corporate formalities, which means that you are not paying your lawyer to create a corporate resolution every time you make a business decision.Another big issue is corporate taxes.

Make certain you take time/date stamped photos on your cell phone before removing anything so there is no dispute later. 3.