I have a 3 bedroom Single Family Home for rent.There are 3 persons (friends) that want to rent the home and split the rent.My question revolves around how I should legally structure the lease.I am thinking I should sign the lease with 1 of the 3 persons, and that person is responsible for collecting and paying the full rent.

You don't need to get a license, but such classes will teach you what they can and can not do, what is legal and what is not and how deals are done.If you need someone to open your house, have a relative do it, maybe the neighbor or just a friend, but not a Realtor.

They usually do move out and she changes the locks.This is farm country, but I cannot imagine ANYWHERE in the USA that this is legal.

Not smart or legal, wait til they catch you......

I would like to make it legally binding on both our ends.Where did you get 4 years from?

I'm thinking of a number of questions:* how to legally set it up* how to make sure we're set up for taxes after the sale* what percent split makes sense and is fair* who buys and owns tools that are needed for the rehab* other risks I'm not consideringI'd appreciate any guidance on how to do this.

To make this legal give them a gift card for a couple hundred bucks to a beautiful restaurant, or something of this nature.

One of the new rules said the no political signs can be displayed is all this even legal ?

Legal contracts are not toys.

First, i would start off my going to my RE attorney and asking this very question, getting legal questions answered specific to your state.Second, I have yet to see real wholesale deals on craig's list or any other public site. real deals go real fast and don't usually need such epic exposure, so I would question if any of these were deals at all.Lastly, having two middle men often turns a real deal into a no deal for the buyer.