It was written by a lawyer with respects to WI & IL law, so you will want to have it reviewed by your local lawyer.

If you do not have any experiences to share, please do not make anymore posts here.Very Respectfully,Chauncy

@Kevin Blanchard I respect an appreciation play, but there isn't much weight to it when you're buying in a volatile city at the top of a market you know?

This is a spiritual and a legal transgression.Marcus is a repeat offender in respect to taking advantage of people in the real estate industry.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.The site has quite a few tools that can be helpful for new members.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

However, we will in some situations do an on-the-spot deposit return when a place is left pristine rather than making the tenant wait the 30 days the law allows us.We have found that what tenants really appreciate is being treated RESPECTFULLY and receiving good VALUE and service for their hard earned money.

As @Sara C. pointed out with the BP leases above; that should suffice.I never had my friends on leases because you hoped there is a level of respect between each other. 

Sally's "mortgage qualifying income" is obviously a METRIC BOAT LOAD higher than Johnny's, but what are the implications for their respective federal tax bills?