@Mark Creason has a lot of valuable insight to offer about the ethics and legalities in that biz.  

Hello BP,I purchased my first investment property in Brantford, ON.It is a legal duplex, a 3 story detached house.

I have a lot in Menomonee Falls which is surrounded by single family homes, but is within a zone that the long-term plan for the Village identifies as being designated for multi-family housing.

I know there are some that are designed specifically for real estate agents but not sure if anyone investing uses them,,,,thanks in advance for your responseMW

I am not a lawyer and this is not legal advice, but I would definitely think those landlords are walking on thin ice with that kind of terminology in their description.

Also, if you have a lawyer draft up partnership documents for the first deal, next time you have a similar opportunity you already know what you're getting into and you already have a template for the legal docs.

Legal and illegal money.

Also, all of these fees must be disclosed in the legal document  (PPM = private placement memorandum) shared with the investors that are signing up for the investment.If you'd like more clarification, feel free to PM me.Best of luck!

You want the bad tenants on month to month leases so you can get them out as quickly as possible legally.

Make it clear that there is a new sheriff in town and they will be held accountable, rents are due on this date every month, late fees are whatever they are, non-payment will result in a legal posting on such-and-such a date.