I would be the capital provider and not be active in the partnership. 

Coming here, having people take time to provide expert advice and not having the decency to bring their azz back to even read it is insulting to me. 

Absent a clause in a trust that provides for a beneficiary to designate powers of sale (or will, if that’s the controlling document) then you are just an interested buyer party.  

If so, this property is going to be very slow to provide decent cash flow  - at that price, $125k, it shows poor historical appreciation.  

Also says if you didn’t provide a written checklist at move-in you automatically lose.

Hi Ayyoub-Great question and I am right up the road from you in Ann Arbor.Certainly, getting a conventional loan may provide slightly better rates than an investment loan like a DSCR loan.However, if you are buying income property you can use the income to qualify for the loan with a DSCR or Debt Service Coverage Ratio loan and not so much your personal finances like a conventional loan.Basically, you need three things.1.

My company, 1031X, is a nationwide 1031 provider.

POH homes can provide a huge lift in NOI depending on rental demographics and home maintenance costs. 

(i) Tenant is responsible for all damage caused by smoking including, but not limited to stains, burns, odors and removal ofdebris; (ii) Tenant acknowledges that in order to remove odor caused by smoking, Housing Provider may need to replacecarpet and drapes and paint the entire premises regardless of when these items were last cleaned, replaced or repainted.Such actions and other necessary steps will impact the return of any security deposit.B.

I also provide an emergency line so they can reach us if they require an immediate response.