I was never an all A or an all D student.Bring forth your, mid range occupancy, B and C properties that need some shining up and I'll make that baby look like a diamond in the rough.And I'm sure that only helps the A and D level players as well.

@Drew ByrdIf you look around the forums, all the large players agree that direct mail is still the best, scalable solution for a large funnel. 

Evictions are always hopefully a last resort and this will be my first one I've ever done while doing this for 2 years.

The LLC Act in your state provides the framework.However, if you want things done right, with your best interests in mind, all questions answered, and future plans (such as adding additional players) covered appropriately, go with an attorney.

It's vitally important to know who you are working with, and have the history of the players involved.

Assume you have the means what can you get out of the deal and how it will help you to keep it.Sell your portion will be the last resort.

chasing tapes unless your a proven player in the industry with deep industry connections is a waste of time generally and its usually a big broker daisy chain of folks that for the life of me I can't figure out why they waste their time.I learned this years ago.. we even put 5 million in cash into escrow to buy a tape and could never get it to close.. and so I know I am not connected well enough to get to the actual sellers.. way easier ways to make money. its all about who you know.

Twelve month is the standard, but I go as far as to offer a discount for a 2-yr lease when I have a good tenant.UtilitiesNever would I want to pay upfront, then attempt to collect, unless that was the last resort. 

Very likely (unless your situation is truly an unusual one) you can achieve whatever liability protection / coverage that you need through standard liability insurance and umbrella coverage (if really necessary), but then you couldn't pretend to be a player, so of course that would never do. :) Sorry for the obvious sarcasm, but the fact remains, you really don't need one because if you are like most folks you can achieve what you need to through other much more efficient means.   

Get to know it and the players involved because there is plenty to learn.