Do you verify their income?

.🔹 Trust But Verify – Set up accountability metrics, KPIs, and reporting systems so you oversee performance without micromanaging.🔹 Know Your Role – Your job is to build and grow your portfolio, not handle every maintenance request.Final Thought: What’s One Thing You Can Let Go of Today?

Verifying last 2 years of rental history very important!

Hand it back to him in cash as soon as you verify the unit is empty.

Verifying last 2 years of rental history very important!

I'd appreciate a note if you're an attorney who I can contact tomorrow (Feb 4, 2025) to go over this and verify the info.Thanks much!

As @Theresa Harris said, do an inspection to verify.

But any improvements are at your risk.. the redeeming party just owes you your cash plus in our state 9% and any VERIFIABLE expenses you paid to protect the asset.

Verifying last 2 years of rental history very important!

Since you mention you have a partner, setting up an operating agreement is key to defining roles, responsibilities, and profit splits to avoid conflicts down the road.A few key tips to protect yourself:✅ Use separate bank accounts and keep finances clean✅ Get the right insurance (general liability + builder’s risk)✅ Have a solid contract with contractors to avoid surprises✅ Always verify permits and city regulations to stay compliantI still strongly advise you to work with local professionals, I’m happy to point you in the right direction!