Then you could find yourself in a position where tenants are extremely pissed off, small problems turn into big ones, and you've created a huge mess that could've been easily avoided. 

I don't have a contract sample that I can share, but if I was going to need one, I would work on drafting one. next time you need help with drafting a contact, reach out to a fellow investor friendly agent in your area and ask for help with drafting one. 

Thanks for Reaching Out! 

Feel free to reach out if you have any questions or need any advice as you get started.

They ask me to fill out a questionnaire first and if it looks promising one of the investors will reach out to me.

I would reach out to them and make the request to increase rent, they will approve or disapprove.

However, upon transferring it back to your dad, the basis is not relevant anymore.In the end I would highly recommend you reach out to a tax professional here to get this sorted out.

This is my current debt, assets, credit and income info: Credit Score: If I pay off most of my revolving debt I should be able to get my credit score to 720-740 pretty easily.

If you need assistance reverse engineering a deal, feel free to reach out, and I'd be glad to help. 

This becomes especially critical in the current environment where you can earn 5% on your money easily and aren't tying up cash until the project is completed.2.