Doesn't have to be anything fancy  and expensive written by an attorney  but just something that outlines the scope of work  estimated start and finish dates  and Cost of work.

If you want to read tge story hit me up with your email and I will send you my free ebook outlining the entire 15 year journey

We'll have a basic outline to go over but will allow a period for networking and questions.Reply here1.

Pull out line of credits on them? 

So I’m a vote against for the reasons I outlined.

Your contract with the management company should indicate whether they have the right to sign leases on your behalf, they don't always, it can be a limited agency-the scope of which will be outlined in writing.

I am trying to figure out what the best thing to do for a friend is in the situation outlined below:Home Value $570kowed 1st mort $496k (current loan was modified and principal reduction completed for $100k reallocated in form of balloon payment at end of loan term)no 2ndarrears $30kIn process of going through bankruptcy, however, want to complete a lease with option to buy. 

You can do a refi loan or a cash out line of credit. 

I am simply looking to advice I have a previous post where I outlined some of the details there. 

Could you outline your process of determining whether the property was worth investing in as a small-town purchase?