This book will help you learn how to underwrite.With the little information you have given, this purchase will be underwater.

My order goes like this.1: Front of House (unless there is an extra special feature. think a Plane Jane house with a chef kitchen or over-the-top pool and patio area)2-5: Highlights of the best features of the house.

This keeps it informal while also showing your expertise in both areas.

@Majdi Chowdhury is this a trick question?

Why do you have to do this?

It may also help keep the litigation target off your back.As always, check with your competent legal counsel--not all attorneys speak fluent "trust function and formation".

Without getting too deep into the weeds, there are a few ways to do this, including:- write up an assignable lease and an option to buy which the seller signs, then assign the lease and option agreements to a tenant-buyer.

You help him, for helping you. 

To help out new investors and the many DMs I've gotten from Californians looking to buy OOS, I have many questions for our experienced investors. 

What made you interested in investing in this type of deal?