Again - if you don't own the property, you tend to treat it differently.Finally, some HOAs have gone to an HOA security deposit system to ensure damages to common areas are paid if caused by renters.Not intended to be legal advice but just commenting as to my experience.

I decided to replace these components to ensure there would be less future problems.  

I want to ensure I have funds regardless as to whether or not I am out and about on any given day. 

Hi Alma,Step1:  hire an attorney who can properly draw your promissory note and trust deedStep2: call and hire your title company to ensure that it is properly recorded (and insured) at the County Recorder's office in Norwalk.that simple...

Obviously, being pre-qualified doesn't mean that you have any intention of actually buying, but it's really all most agents can do to ensure that they are working with legitimate buyers. 

You might want to consult an attorney to ensure you properly add your friend.In any LLC you have Managing Members and Members.

The way to ensure that no other loans would be used is through the agreements/by-laws/operating agreements of the entity in title.Other investors could join based on knowing who the other investors were, thier abilities and level of sophistication, might be fine and a good deal.

Its actually my boss and just want to ensure everything legal because that is my weakness is real estate law.

You need to be familiar with the costs associated with the purchase, rehab, holding and sale of the property so you can properly audit the investments and ensure that you're getting your fair cut of the profits.- If you'll be a passive equity partner, you may want to ensure that the group isn't violating any securities laws -- the SEC is very clear about what is allowed and not allowed when it comes to passive investments, pooling funds, marketing investments, etc.Happy to answer specific questions if you have them, and feel free to provide more information about what type of investment you're making and how it's structured...then we can probably give more detailed advice.

I want to ensure that I have everyone's best interests in mind when it comes to completing transactions.