When I called the real estate bureau, they told me (off the record) that I should never go with a single broker, always best to have a reputable management company to make it easier to force compliance and also so someone else is available when your main manager isn't.

Call the City Health Inspector who reviews rentals for compliance with the State Sanitary Code (because she will and you can document the current condition with the Inspector).5.

You need to make sure that both parties stay in compliance with court orders.

Easy to operate, absolutely above board, and I'm well protected.Because banks will require a personal guarantee anyway, why jump through all the hoops to qualify for financing when you can do it with the trust/LLC combination, which get you funds for your deals faster with less aggravation.I've never worried about business credit because as long as I keep my personal credit good, I'll never need it.I've done multiple deals using this combo and have never had a legal compliance/bank issue.

What you can expect is no guarantee of any kind, a Special Warranty Deed and compliance matters all on you from a bank.

We use our title company to prepare all the land contract closings, and we have our attorneys review the "closing packet" to ensure its in RESPA compliance.

The outcome is that many banks and brokers pulled out from many locations because of the cost of compliance.

I also have his advanced course - which gets into presentations - however, there are SEC compliance regulations regarding the marketing and presenting of investment opportunities.

Ensure your default provisions are in compliance with state law, ie 30 days.There can certainly be more issues, but you get the idea, yes, you need an attorney.I'd also suggest you look into a Subject-to transaction using a Special Warranty Deed, it would be cleaner with a note and deed of trust.If there are concerns, a lease and option might fit the situation better.Good luck :)

You might have one lender that will give you the APR with title as a APR item because they're in "over-compliance-mode" and they may have the best deal but the other lender doesn't put title as a APR item so their APR looks lower.