My initial goal is to create an additional income stream since my wife stays at home and want some protection in case I have employment issues/laid off.

I cut rents on one unit for a semi peace keeper, but she didn't really manage anything, just a point of contact for me, she worked at a local bank and was very good with the public, so lucky there I guess.I have done more in low income housing than anything else and if you start out running a tight ship, it's no more trouble than some executive rental, ($1,200 rent) who thinks he gets a private gardner and talks to his attorney all the time.

The oragnization must have a chraitable purpose or public good as a 501 C3 under IRS Code.

Specifically stating the business purpose will help protect you in dealing in those activities, such as financing sales...say such does not mean you will or must do something.You might also incorporate limited partners as limited members so that you could take on future partners in a deal without giving up voting rights or positions in management.There's two tips, I'm sure others will follow......Good luck.

That's a lot easier than a public offering, but is still a significant undertaking.

Originally posted by Jonathan Tew:Also you can try checking your local Staples or Office Max they sometime have some to go by as well as rental agreements...I would not recommend this, these are not state specific contracts and are no better than some guru's contracts that are often useless in most States.A contract is something that is legal binding, I would recommend you have your legal bases covered to protect you, a Staples version will not do that for you.

Since you signed the lease before the foreclosure started, you will have certain rights under the "Protecting Tenants at Foreclosure Act."

I became active in public hosuing and section 8 by the mayor appointing me as commissioner of a large public housing agency, having to manage the folks who manage the programs and owned housing units.

Some are publicly accessible.

Joe DiMarzo do you have access from public records to the property card for the 6 plex?