Lawyers specialize in a few areas each, they may say they can do X, Y and Z, but they may only really be proficient at X.

One time I was doing some landscaping at a property and had a hose bib with a Y connected to it, each has its own shutoff on the Y.

As far as your $25k rehab estimate, if you haven't seen the inside, you have no idea if its $10k or $80k,,,Just go see the house, get a contractor to give you real bids, don't just think "plumbing, $x, electrical $y,,unless you are an expert.Just slow down, don't "try to make something a deal", just see if it is a deal.If it is a deal and the numbers work, great, but the biggest mistake you can make on your first deal is trying to make something work,,,look at a lot of properties, you will know it when you find the right one (and this could be it)I'd rather see someone have your energy than someone that is looking for reasons a deal can't work,,your going in the right direction,,just slow down a little bit

You would need to have your attorney draft an operating agreement that would spell out who is responsible for what and if X happens, then Y is done and so forth.

@Eric Liu & @Brent WatsonWhere the Federal rules come into play is for Section 8 housing governed y HUD rules and Fair Housing Authority complaints.Otherwise the FBI is not coming to your house and counting bodies, unless you're like the house in Houston this week where there were 100 illegal aliens in one 3 bedroom house.

Since then I've continued my education via podcasts, books, perusing various RE blogs, asking questions anyone involved in the business.Origin: Originally from the Bronx --> San Bernardino, San Jose, & Monterey California --> Atlanta --> Newport News, Virginia --> Iowa Falls, IAWhat do I do :: I am a pastorRE Goals :: Duplicate my income in order to provide financial stability and security for my family.BiggerPockets :: During my research & studying I cam across the site.

Bryce Y., are you asking whether you have the right to talk to your tenants after you closed on the property?

Originally posted by Bryce Y.

Bryce Y. the length of the lease has very little effect on the time a tenant stays.

I've spent several hours on amazon, but they all seem too guru-y, too full of "experience financial freedom through RE" platitudes.