You've only owned it six months, so you probably haven't dealt with vacancies, maintenance, or capex, but you should be setting money aside for those things.Your partnership agreement (if you have one) should address exit options.

From Atty Tristan Pettit about the Koble case: "if a landlord has a void rental agreement (i.e., the rental agreement contains one of the “10 Deadly Sins” as set forth in Wis.

Quote from @Anthony Vaganos: I will definitely make sure to read the loan agreement but that was told to me verbally by a conventional lender during my diligence work.

(Due to some financial issues with him in the past, I'm not willing to cosign for him)  Would a rental agreement with the roommates suffice? 

Any luck on motivating realtors in the area to actually get operating expenses/lease agreements for Jackson County specifically George?

We're looking to transfer this into an LLC for liability purposes.From what I can tell, the best way to do this is to retitle the property, pay Chicago's expensive retitling tax, and set up an operating agreement, all of which likely requires a real estate lawyer (what $ base do we use on the tax, given we aren't selling it to ourselves, just transferring it?). 

If I were you and you need to meet the requirement of working under a Broker, just make sure your agreement with the broker allows you to take all your properties with you once you leave, obtain your brokers license and start your own brokerageI would also start looking at software systems and joining the National Association of Residential Property Managers.

We started with an offer of $1,000, but after some back-and-forth, we reached an agreement at $1,500.

Hi, I'm looking for some help on creating a lease agreement for a local company that wants an annual lease on our 2/1 duplex (just one side to start off with). 

More to the point of your post, the agreement of sale should have language detailing precisely how the escrow funds are released to buyer or seller.