Thorough documentation helps if there are any disputes about damages at the end of the lease.

There should be a Resolution stating who has authority to sign and most title companies will require that.

The vast majority of legal disputes come out of being a dual agent and it is never worth losing my license and business to make a few bucks.  

Second the police do not get involved in any landlord tenant dispute unless there is a valid court order like an eviction order from the court demanding the tenants be removed.As long as the tenants have established residency.

They are just connecting us with the seller and we handle the negotiations, value dispute with the bank etc and if we close they collect the commission.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

I believe if you had it appraised and were to dispute the appraisers value then they would have to consider your appraisal.

They are very informative and have only strengthened my desire to expand my real estate portfolio.Like many of you who have posted in the thread, one of my New Years Resolutions is to be a more active member here on BP and as such have upgraded my membership to PRO.As I am based in Toronto Canada, I'm interested in becoming part of the community and learning as much as I can that I can implement in my own business here in Canada as there are some differences between the US and Canada.Looking forward to connecting with many of you over the coming weeks and months ahead.

@Simon Shih - Congratulations and that's an excellent start to fulfilling your New Year's resolution in the first month!

I'm holding out until there is some resolution in the interest rate environment, so in the meantime I will be doing more market research and hoping to buy something in the fall '16.