One could argue it's equivalent to an email.

Email Philly Mike.

Maybe agree to the fee or negotiate down, but let him know you need a proper management agreement in writing signed by both of you, including amount for repairs without getting your permission first, and you'll need monthly statements each month like a property manager would so you have some idea of what is going on monthly.

(BTW, this is not a political statement, it's the order of battle plan for overseeing housing, LOL)Back on topic, if one were to do some deal over a 3 to 5 year period, IMO, the SLO is by far the least desirable contract, a straight lease option would then follow, a contract for deed would be better and the Sub-2 would be the best since title is conveyed.

All of our communications were done via email including finalizing the agreements.

Does investor check a box, in which case anybody that wants to be accredited is accredited, or does one have to collect bank statements, deeds, appraisals, brokerage account statements etc to verify.

Curt Smith Indeed life is short. your statement reminds me of the PARETO PRINCIPLE: You want to spend 80% of your time on the 20% of deals that will give you 80% of the profits/cash flow.

From there, you can structure a solid contract that takes care of your needs in case things do not go according to the statement of work.When I go to a new city, i usually only visit the area about 2-3 times before I bid/win a property, and then 1 a week to check up on contractors.

Read his email below.

Hearing your thoughts though I want to double check the accuracy of that statement.