I make sure to explicitly outline to the group that it is a single lease, and that everyone is wholly responsible for rent and other tenant obligations.

@Derek MorrisonUsually, we will submit an LOI to the property owner that will outline all deal particulars (price, financing, terms, etc.).

Taking money up front and not providing materials or services outlined in scope of work is textbook grand theft, or am I missing something?

As @Dave Poeppelmeier outlines, what you need to do for an eviction varies by state and county. 

ABorrower who provides personal bank statements but does not meet the above outlined criteria will havetheir statements treated as business statements.BUSINESS BANK STATEMENTSProvide the most recent consecutive 12 or 24-months of business bank statements.

I outlined the first major problem we are having with this Management Group that is causing us to Stress Out.If Katie Miller is an Absentee Owner and would like to authorize a Proxie, she has to know some other resident in her HOA to designate.

It outlines the rent due to the buyer per day after the close of escrow. 

Agreements should clearly outline terms like interest rates, repayment schedules, and each party's responsibilities.

Hi Jack,It would take pages to outline exactly how to analyze a deal as a passive investor, but here are a few tips:The teamWhat is their track record with similar deals in the past?

As such, they've asked me if they can supply the capital, I do the work, and we share in the upside.After pondering for a while on what a fair and compelling partnership agreement might look like, here's the outline that I've come up with and would love to hear everyone's thoughts and feedback.Number of properties: Partnership is only tied to one single property with the option to work on future properties together as separate entities.Legal entity:  This property and any possible future property held in their own individual LLCs.Initial investment: Partner provides 90% of the total estimated cost to purchase property + renovations needed for it to be rent-ready.