I don't recommend any of my clients opt for a 5 year exactly for the reasons you've outlined. 

There are alot of risk when renting a house to vacationers that you need to outline and have signed by guests incase you have to go in front of court or chargebacks.

While you'd pay more than I would if you were dealing with them our any developer, the alternative strategy that I outlined would still work. 

Your corporate agreement should outline the partners' names, contributions and percentages of equity in each asset you purchase together. 

While some of those commission rates look sky high, it does a good job with outlining some of the many fees a property manager could try to charge you.If anyone is looking for a vacation rental property manager and wants to see prices in a market on the same contract, please let me know & I may be able to help.

I felt like a lot of what he explained they do can be outlined in Tom’s book Tax Free Wealth & Robert Kiyosaki’s Guide to investing.

As a result the contract outlining the agreement is (1) full off contingencies allowing buyers numerous opportunity to “back out” of an agreed to transaction and (2) supported by a relatively small (sometimes VERY small) amount of “earnest money” which is usually refundable given the contract contingencies previously alluded to.The result is (1) a large number of contracts “falling out” prior to closing, (2) a relatively long “due diligence” period of time between initial contact agreement and closing, (3) renegotiation (or attempted renegotiation) of price and terms by the buyer And, or (4) utilization of the contract as an “option” by some “buyers” who have no intention to complete the purchase UNLESS they are able to find someone to pay a higher price.Interestingly, in some countries, such as Argentina, for example, due diligence is performed BEFORE a contract is negotiated.  40% - 50% of the purchase price is due at signing of the initial contract (what we refer to as earnest money); it’s only refundable IF the seller is unable to deliver clear title, and closings happen as quickly as the buyer can come up with the additional funds.  

*Step 2- Tenant signs lease agreement with the rent-to-own clause outlining the details.

One partner is high on in the "Accept" range while the other, who has the address and fraudulent activity issue, is lower but still in the okay to Accept range as outlined by the website. 

Creation of a shareholder agreement that outlines how income is to be distributed?