One partner has proposed the following and I want to make sure that from legal and tax perspectives it all makes sense and is legit.. 1.Form an LLC where three partners would each have 1/3rd interest.2.Transfer the property (title) to the LLC via quit claim deed for some price/consideration3.He would buy our shares/interest in LLC so he ends up with 100% ownership4.Mortgage would continue in my name and I would remain the Garantor (he will pay me some fee each year to keep it in my name).

It isnt a hidden item to disclose.

Well then you take the $900 and multiply it by 12 to give you a year's total income and then subtract your yearly fees from that which is generally about 35%  (10%-Management, 5%-Maintenance, 5%-Vacancy, 15%- Insurance & Taxes.).

Anyone know how to write a wholesale fee to be a percentage?

Pay off the balloon and then offer him owner financing on agreeable terms on the $38,000 plus any fees you might incur setting up a new contract.

They have 3 service dogs and are stating that the pet fee should be waived.

Some of the things I would like to include. keeping in mind the property is in California.I would rather not rent to smokers but If I must could I charge a smokers fee?

As you can imagine the low fee listing companies want easy buyers and to do volume to make any kind of return.    

Impound fees are $150+, they don't like it when they get popped twice in a day or so.I also like the parking leasing agreement as it can introduce more fees that allows us to collect more revenue, such as a late fee on the parking agreement, car detailing services, etc.

He's also insinuating he won't pay the late fee or returned check fee.