The key with these partnerships is to keep them exclusive, independent, and outlined fully from the beginning with both parties holding ownership.

How can I perform the duties outlined in the contract when I represent both parties?

For these properties, HUD regulations define what kind of documents are considered acceptable evidence of citizenship or eligible immigration status and outline the process for collecting and verifying such documents.* These procedures are uniformly applied to every applicant.

I agree with @Jason DiClemente there's no way you should have to be paying those utilities if it's outlined in the lease. 

Hi BP fam,Could someone outline for me what the pros and cons are of using an anonymous trust as a holding company for long-term buy & holds/rentals vs a WY LLC (with a nominee manager) ?  

Your analysis clearly outlines one for each.

If it can be classified as investment, then income / profit falls under capital gains.Once you start the rehab, and sell within a short time, then it more likely will appear as inventory rather than investment; this is more of a gray area than the first scenario I outlined - you might reasonably be able to justify that this was not inventory if your past dealings were all held rather than just sold, and this one sale for profit is just an anomaly rather than the pattern.

I don't agree with Sawyer's approach as it will open you up to potential discrimination claims.Instead I recommend a written document that you use to outline your requirements, applications process and possible reasons an applicant can be rejected.

This is a report outlining major systems and in what year the anticipated useful life will wear out and what the estimated cost (labor and materials) will be. 

Charles Kao the thing you just outlined about pinning upgrades on renters's pets seems unethical!