Lots of odor absorbents while conducting the rehab.

My reasoning for this was that at the time the lease payments were agreed to, it was assumed that the tenant would abide by the rules and not require special attention and if they did, it was fair for me to be compensated for those additional efforts to police the units.The City Attorney was giddy about it, thought it was great and that I could basically fine the tenant for bad conduct.

To be a broker they agree to certain standards of conduct and behavior no matter what their part in the transactions happens to be.

If he is going to solve all of the challenges..... you aren't going to learn (but worse, you will be in the way for him as he conducts his day to day business while he would make less money than he is making on his other properties).

Then the sale is conducted on the court house steps on the first Tuesday of each month.

I'll tell you with my experience, they are definitely a whole lot more flexible than traditional lenders but you really have to do your part and lay down not only the figures, but every little detail that banks,etc... usually ignore.It's really impossible to tell you what terms he may be looking for because private lenders usually almost always have their own personal code-of-conducts when it comes to real estate investing....but generally if you have a good deal and can prove it, the cash will come.

A person shall file the certificate in the office of the county clerk in each county in which the person:(1) has or will maintain business or professional premises; or(2) conducts business or renders a professional service, if the person does not or will not maintain business or professional premises in any county.SUBCHAPTER C.

Consider the timelyness of payments under Section 8 and the fact that you have greater control over the conduct and contract compliance with tenants under Section 8 as opposed to those that are not subject to any requirements or oversight.

Our standards of conduct and expected practices are required to be a certain way.  

Originally posted by @Jon Huber: (THINGS TO REMEMBER #5: Under market rents, where there is no rent control, is an advantage to the buyer).This is a PARTICULARLY difficult point to get across to newbie buyers...they look at the actual cash flow and conduct the due diligence off of current rent.